|Day Low/High||260.17 / 264.78|
|52 Wk Low/High||176.99 / 379.49|
Looking for some key numbers in Tesla's earnings report? Here's a clue: profitability.
Having missed Q3 delivery targets, Tesla will seek to reassure investors that it's on track to meet its full-year delivery target of at least 360,000 cars, get sustainably profitable, and kick off production in China.
When things are going well it is always difficult to see an inflection point.
Nio reported a 35% increase in vehicle deliveries quarter to quarter.
The ride-hailing leader still has a lot of room to grow, and is starting to see a better U.S. pricing environment. But its cash burn remains substantial, and it's losing some U.S. share to Lyft.
Stocks finish higher after falling earlier in the session following a weak reading on U.S. services sector activity.
Unlike some previous reports, Tesla's Q3 report didn't feature any commentary about near-term margin, profit or cash-flow trends.
Let's hook the electric charger up to the charts and take a look.
JMP downgraded Tesla to market perform following the release of the EV maker's latest quarterly delivery numbers.
Here's what matters for Tesla investors, given the delivery results.
U.S. stock futures rise modestly Thursday following two days of heavy declines on Wall Street linked to slowing growth and deepening trade uncertainty; PepsiCo reports earnings; Tesla posted record third-quarter deliveries but still comes up short of Wall Street forecasts; GoPro cuts its outlook on production delays.
Tesla guided for between 360,000 to 400,000 vehicle deliveries for full year 2019.
Will Trump sit still as the U.S. electric-car giant sets up a new Chinese construction company?
Exane BNP Paribas begins covering Teslawith a buy rating and a $300 stock price target as the electric vehicle maker gets ready to release third-quarter deliveries.
Tesla's brand-new China factory will begin producing battery-powered cars this month, though year-end production targets may not be met due to uncertainties surrounding orders, labor and suppliers.
In addition to Telsa's deliveries, Wall Street is paying close attention to the company's margins and cash flows, as the reaction to its July earnings report drove home.
Gone are the days, when an investor can take one side or the other in Tesla for anything more than a trade.
JPMorgan expects Apple to sell 185 million iPhones in calendar 2019.
Tesla's third-quarter deliveries report will be out later this week, as the stock tightens up its trading range.
Here's what's driving markets Monday.
Curious about what's driving markets?
Tesla is likely to miss its own 100,000 delivery target this quarter, despite an email from CEO Elon Musk last week that said the company was in pole position to do so.
A report indicated that Trump Administration officials are seeking ways to limit capital flows from U.S. investors into China.
The incremental bearishness comes even as CEO Elon Musk says the company can deliver.
Tesla is expected to report its third quarter delivery figures next week, which represent the next big catalyst for the stock.
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