Tesla Wants To Test Autonomous Semi Without A Human Driver

13 August, 2017, 10:14 | Author: Pamela Mathis
  • Tesla aiming to raise £1.2bn for mass market electric car

The fact that Tesla is working on an electric truck is not new. Tesla also saw some unusual options trading activity on Thursday. National Pension Service now owns 101,985 shares of the electric vehicle producer's stock worth $28,344,000 after buying an additional 25,261 shares during the last quarter. Clarius Group LLC boosted its position in Tesla by 0.3% in the first quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer's stock valued at $118,000 after buying an additional 150 shares during the last quarter.

Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan, its first mass market electric auto. Company insiders own 23.10% of the company's stock.

Shares of Tesla Inc.

Shares of Tesla (TSLA) opened at 357.87 on Friday. The firm's 50-day moving average is $341.13 and its 200-day moving average is $307.07.

Moody's also warned that Tesla could face increasing competition from the likes of General Motors (GM), which launched the Chevrolet Bolt earlier this year, together with new entrants, including Apple (AAPL) and Alphabet Inc.'s (GOOGL) Google. The stock's market cap is $59.72 billion.

Longtime NHL coach, GM Bryan Murray dead at 74
He last coached in 2007-08 and was Ottawa's GM until stepping down to an advisory capacity last season because of his health. "The Anaheim Ducks family mourns the loss of Bryan Murray , who passed away this morning", the Ducks said in a statement.

(NASDAQ:TSLA) in a research report released on Wednesday morning. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter a year ago, the firm posted ($1.06) EPS. The firm's revenue was up 119.6% compared to the same quarter a year ago. Equities research analysts anticipate that Tesla will post ($6.29) EPS for the current year.

COPYRIGHT VIOLATION WARNING: "Tesla Inc. (NASDAQ:TSLA) Position Raised by Sumitomo Life Insurance Co." was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another publication, it was copied illegally and reposted in violation of USA & global copyright & trademark law. The original version of this story can be read at https://www.thecerbatgem.com/2017/08/11/dock-street-asset-management-inc-increases-position-in-tesla-inc-nasdaqtsla-updated.html. But a report in Reuters adds a new, if somewhat unsurprising, wrinkle to the mix: the Tesla big rig is probably going to have self-driving capabilities.

The credit-rating firm argued that the capital intensive ramp-up in production of the Model 3 will leave Tesla facing "large cash requirements through 2018", particularly if sales figures fail to meet the company's lofty expectations. Goldman Sachs Group, Inc. Reportedly, Tesla had not applied for a license so far for the same. Deutsche Bank AG reiterated a hold rating and issued a $240.00 target price (up previously from $220.00) on shares of Tesla in a research note on Monday, March 20th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating on the company. Tesla now has a consensus rating of "Hold" and an average price target of $309.70.

In other news, Director Kimbal Musk sold 2,190 shares of the business's stock in a transaction that occurred on Tuesday, August 1st.



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