Tag: Tesla

Elon Musk $13 Billion Richer In One Week As Tesla Stock Rises Ahead Of ‘Battery Day’

THE CHANGING FORTUNES OF THE WORLD’S RICHEST


A

s Tesla CEO Elon Musk prepares to announce the company’s newest innovations at a September 22 event called  “Battery Day,” investors once again drove up the share price of the electric car maker, adding $13 billion to Musk’s net worth over the past week.

Tesla’s stock rose 19% between the market close on Friday, September 11 and Friday, September 18, recovering from the sharp 21% plunge in the stock on September 8, when it was unexpectedly passed over for inclusion in the S&P 500 index. 

On September 11, Musk tweeted that “many exciting things” will be announced at the Battery Day event. Analysts are speculating as to what the announcements may be. Morgan Stanley analyst Adam Jonas said in a note that revelations like a “million-mile” battery or a big jump in battery production capability could be “narrative changing” for the company.

Read More

The Earnings Big Picture & Analyst Reports for Tesla, Mastercard & Others

Friday, September 4, 2020

We have provided a big-picture update on the evolving earnings backdrop in today’s Zacks Research Daily. And as we always do, we have featured fresh research reports on 16 major stocks, including Tesla (TSLA), Mastercard (MA) and United Parcel Service (UPS). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

The Earnings Discussion 

This is a good time to take a look at consensus expectations for the September quarter, with results for the June quarter essentially over now. As of today, we have only S&P 500 company still to report Q2 result. This company is Kroger (KR), which reports next week on Sept. 11th.

Regular readers of our earnings commentary know that we were encouraged the tone and substance of Q2 results,

Read More