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Elon Musk about to get another $1.8 billion payday from Tesla – CNN

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"},{"title":"Analyst: Tesla playing a poker game with Wall Street","duration":"02:10","sourceName":"CNN","sourceLink":"http://www.cnn.com","videoCMSUrl":"/video/data/3.0/video/business/2019/07/25/dan-ives-tesla-profits-wall-street-poker-game-sot-first-move.cnn/index.xml","videoId":"business/2019/07/25/dan-ives-tesla-profits-wall-street-poker-game-sot-first-move.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/180328142958-tesla-logo-large-169.jpg","videoUrl":"/videos/business/2019/07/25/dan-ives-tesla-profits-wall-street-poker-game-sot-first-move.cnn/video/playlists/business-tesla/","description":"Wedbush Securities managing director of Equity Research Dan Ives says that Elon Musk and Tesla (TSLA) are playing a game of poker with Wall Street as the company reported a $408 million second quarter loss even after delivering a record number of cars in the quarter.","descriptionText":"Wedbush Securities managing director of Equity Research Dan Ives says that Elon Musk and Tesla (TSLA) are playing a game of poker with Wall Street as the company reported a $408 million second quarter loss even after delivering a record number of cars in the quarter."},{"title":"Hear Elon Musk's bold predictions for Tesla robotaxis","duration":"01:04","sourceName":"CNN Business","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2019/04/22/tesla-robotaxis-rideshare-elon-musk.cnn-business/index.xml","videoId":"business/2019/04/22/tesla-robotaxis-rideshare-elon-musk.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/190422173958-tesla-elon-musk-rideshare-robotaxi-large-169.jpg","videoUrl":"/videos/business/2019/04/22/tesla-robotaxis-rideshare-elon-musk.cnn-business/video/playlists/business-tesla/","description":"CEO Elon Musk says he expects Tesla to have a fleet of self-driving taxis on the streets next year.","descriptionText":"CEO Elon Musk says he expects Tesla to have a fleet of self-driving taxis on the streets next year."},{"title":"Investor: Have to take 'good and bad' with Elon Musk","duration":"02:41","sourceName":"CNN Business","sourceLink":"http://www.cnn.com/business","videoCMSUrl":"/video/data/3.0/video/business/2019/03/13/markets-now-elon-musk-tesla-good-bad.cnn-business/index.xml","videoId":"business/2019/03/13/markets-now-elon-musk-tesla-good-bad.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/181108160757-elon-musks-power-cut-00013520-large-169.jpg","videoUrl":"/videos/business/2019/03/13/markets-now-elon-musk-tesla-good-bad.cnn-business/video/playlists/business-tesla/","description":"Ross Gerber, co-founder and CEO of Gerber Kawasaki, explains why his firm is buying up Tesla stock, in spite of Tesla's many communications issues.","descriptionText":"Ross Gerber, co-founder and CEO of Gerber Kawasaki, explains why his firm is buying up Tesla stock, in spite of Tesla's many communications issues."},{"title":"Tesla cuts jobs to offset Model 3 cost","duration":"01:30","sourceName":"CNN Business","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2019/01/18/tesla-cuts-workforce.cnn-business/index.xml","videoId":"business/2019/01/18/tesla-cuts-workforce.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/170703164806-cnn-money-tesla-model-3-large-169.jpg","videoUrl":"/videos/business/2019/01/18/tesla-cuts-workforce.cnn-business/video/playlists/business-tesla/","description":"Tesla plans to reduce its workforce by 7% as it works to increase Model 3 production and cut prices. 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Elon Musk about to get another $1.8 billion payday from Tesla - CNN

Nasdaq stocks led by Tesla continue their blistering run while chill envelops rest of the market – CNBC

Elon Musk, co-founder and chief executive officer of Tesla Motors.

Yuriko Nakao | Bloomberg | Getty Images

This stock market is like the old line about having one foot in a bucket of scalding water and the other in a bucket of ice, netting out to a neutral, if not comfortable, temperature.

There's the blistering Nasdaq, with its unassailable technology gatekeepers and a combustible frenzy in Tesla stealing much of the market's oxygen. Then there's the chill enveloping smaller stocks, vestiges of the physical consumer economy and legacy financial institutions.

Together they have the inclusive S&P 500 in a tight and tidy trading range, last week refusing plenty of excuses to break down, finishing at a one-month high and even showing signs of giving the benchwarmer value stocks a chance to play with Friday's broader rally.

The crucial question swirling around this the Nasdaq's ascent and refusal of the Big Six stocks to take anything but a quick rest for months is whether investors are in danger of overpaying for the perceived certainty of secure cash flows, durable growth and entrenched franchises in the digital economy.

There is no denying both that the Nasdaq complex in the short-term appears technically stretched and over-loved, while large-cap tech is getting richly valued.

SentimenTrader.com notes that about three-quarters of Nasdaq stocks are above their 200-day moving average, the shorthand definition of a longer-term uptrend, while only about 40% of S&P 500 names are in that position. This gap in breadth is either rare or unprecedented:

The Nasdaq 100 has pushed more than 22% above its 200-day average, according to Baycrest Partners' Jonathan Krinsky, the most extreme spread with the index at a high since 2000.

And the S&P tech sector has returned to its peak price-to-sales ratio from the March 2000 tech-bubble market top.

Source: FactSet

For sure, today's tech companies are more profitable than those of two decades ago. And while the five largest S&P 500 stocks are all from the Nasdaq and in the tech or Internet realms (Apple, Microsoft, Amazon, Alphabet and Facebook) now make up a 20-year high 21% of the S&P 500, they also kick in a commensurate portion of the index's free cash flow, as this breakdown from Fred Alger Management shows.

And as wild as the Nasdaq's surge and outperformance have been, it simply hasn't piled up the amount of easy riches that it had in the late-'90s run. In the five and ten years through the end of 1999, the Nasdaq Composite had gained 440% and 800%, respectively. The comparable gains over the past five and ten years: up 111% and 380%.

Admittedly, arguing that the current market is not as expensive, frothy or beloved as the most overvalued, overextended and overestimated market in many decades is not exactly a ringing endorsement. And indeed we may never see a close rerun of that period. But, as argued here a few weeks ago, stocks can be stoutly valued and priced for subpar future returns without representing an unstable bubble or dangerous misallocation of capital.

Another qualitative distinction between today's outsized Nasdaq contribution to the market's climb and the one that culminated 20 years and four months ago: The crowding into the mega-cap elite names today is a defensive instinct, investors gravitating toward steadiness and predictability rather than blue-sky hopes of galloping growth rates and innovative disruption to come. As long as corporate-debt yields remain so low and cash-flow streams are seen as very scarce, what might upend this part of the market beyond nasty short-term corrections and shakeouts.

Back in the late '90s, the market was implicitly over-extrapolating massive growth rates for many years in companies more cyclical than appreciated, such as Cisco Systems and Intel (along with Microsoft, Oracle, Yahoo and other graybeards of Silicon Valley).

There is an unusual situation now in which the tech darlings have been barreling higher largely on macro fears and heavy liquidity flows rather than product hype or Wall Street salesmanship. In fact, the consensus analyst price targets for Apple, Microsoft and Amazon are all below the stocks' current quote, according to FactSet.

Does this show a helpfully cautious analytical corps serially underestimating today's best companies a sturdy wall of worry built by Wall Street itself? Or is it a sign the market has carried them beyond even the sell side's typically rosy calculus of fundamental value?

Who knows, Friday's mean-reversion action, with banks, energy and small caps retaking a sliver of the territory dominated by tech, is the start of a rebalancing of the market. The levitation in secular-growth sectors has arguably been the market's way of deploying ample liquidity to stay supported as the country backslides on Covid containment and the economy fitfully tries to recover.

It's tough to deny that big chunks of the Nasdaq are in the sway of overheated speculation. Tesla, to take the obvious example, has gained $108 billion in market value in two weeks. More than $34 billion worth of the stock traded on Friday alone, twice the turnover that day in Amazon a company whose market cap is more than five times as large.

This is fevered, heedless action, feeding on itself and punishing the disciplined. And the more it goes on or spreads to other stocks, the harder it will become to make the case that this is a market unappreciated by a skeptical investing public.

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Nasdaq stocks led by Tesla continue their blistering run while chill envelops rest of the market - CNBC

Tesla stock surges more than 200% in 2020 three experts on what comes next – CNBC

Tesla shares have jumped nearly 230% so far this year.

Three experts break down what's next.

Dan Ives, managing director of equity research at Wedbush, says one thing matters above the rest.

"What's the fundamental value? If you have a million-mile battery, what does that add to the stock? ... It comes down to scarcity. How do you play the EV market? ... It all comes down to the P word: profitability."

Brian Johnson, senior autos analyst at Barclays, says Tesla could face a make-or-break moment later this year.

"We think the reckoning that there is going to be could be more when we get to the second half and the fourth quarter ... If this were a real growth stock, we'd actually be talking about things like same-country, same-model sales, and so if you back out China from this quarter, back it out from a year-ago quarter, the rest of the world shrunk 28%. Now of course there's Covid, of course there's challenges, but that isn't that different from many of the legacy automakers."

Colin Rusch, managing director and senior research analyst at Oppenheimer, sees major upside ahead.

"We're really going back to our numbers. It's run aggressively past our price target that was $968. We put that in place over a quarter ago, and as we look at what the company has planned out for 2024 and 2025, you know, we see the potential for 50% to 70% upside."

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Tesla stock surges more than 200% in 2020 three experts on what comes next - CNBC

Ex-Ford CEO Called It On Tesla [TSLA]: I Think The Stock Is Heading Higher – CleanTechnica

Cars

Published on July 11th, 2020 | by Johnna Crider

July 11th, 2020 by Johnna Crider

Former Ford President and CEO Mark Fields recently shared what he thought of Teslas growth on CNBC. Currently, Fields is a senior advisor of TPG Capital, and he joined Closing Bell to share his thoughts on Teslas growth and what he thinks the future of the company would look like, including some thoughts on the stock [TSLA].

Tesla has surpassed all of the other auto manufacturers in terms of market cap, and one of the main questions was if this was about Teslas delivery numbers or its potential. When it comes to delivery numbers, it was noted that Tesla, when compared to several other automakers, only has thousands of deliveries a year while they have millions. However, when it comes to technology, the future of mobility, and EVs, Tesla is well ahead of its competitors.

I think actually a combination of both, Fields explained. I think the first is what Tesla is being rewarded with is growth. They grew over a month-over-month basis. Although on a year-over-year basis they were down about 5%, the rest of the auto industry was down, here in the states, almost about 2530%. I also think there are a couple of other things that investors are looking at.

Fields also shared his thoughts on Tesla and its competitors regarding software versus manufacturing. Theyre looking at competition and there was the anticipation that the established OEMs would bring products to market, which they are, but when you look at somebody like Volkswagen whos having a lot of problems with their ID.3 in terms of software management, and thats something that Tesla has done very well. They havent mastered the manufacturing piece, but they have mastered the software piece, which the OEMs still need to do.

Fields think that from a CO2 reduction standpoint, Teslas new products that are coming, like the Cybertruck, are incremental products. They arent replacing other products in their lineup, so should grow Teslas annual sales.

Addressing the second point, Fields stated that, It is around electrification going forward. He thinks that they will be in demand naturally and will also be enhanced by governmental incentives for CO2 reductions. So I think that its a combination of both of those, and I think the stock is heading higher. I think Elon was very, very focused on profitability in the second quarter.

Fields noted that if Tesla was to be profitable in Q2, then the company would have four profitable quarters in a row and would be eligible to be included in the S&P 500. If thats the case, not only will Tesla get the prestige of that, but also I think that a lot of index funds will be driven to include Tesla in their portfolio. This will, of course, increase the demand for Tesla stock and ensure the stock price goes up even further.

Fields believes that electrification is still a big priority for all the OEMs. I dont think theyre going to back off from that. Not only from a regulatory standpoint, but they need it from a competitive standpoint. I think in things like autonomous vehicles, youre going to see more partnerships as youve seen with Ford and VW, GM and Honda where theyre pooling their resources because, in the case of EVs or electrified vehicles, the technology is ready; theres a business model around it.

When it comes to autonomous vehicles, Fields doesnt think the technology is ready yet and doesnt think there is a business model set up for it. He said that he thought OEMs would pool their resources from here on out to push that out.

Another question that was posed to Fields was his thoughts on Elon Musks tweets. Specifically, the short shorts tweets and Elons playfulness on Twitter. As a former CEO yourself, would you put out a tweet like that? he was asked.

I, personally, wouldnt put out a tweet like that. I subscribe to the theory that be careful of who you step on on the way up because eventually, you might be on your way down. But listen, Elon is Elon, and I cant crawl inside of his head. Fields thinks that Elons tweets are a reflection of his personality and brand for Tesla and called it a risk for Tesla.'

Despite all of the sales, Fields shared that, ultimately, Tesla needs to be consistently profitable and needs to be more transparent with its margins when it comes to earnings.

Tags: Elon Musk, Ford, Mark Fields, Tesla, Tesla stock

Johnna Crider is a Baton Rouge artist, gem, and mineral collector, member of the International Gem Society, and a Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to Believe in Good.Tesla is one of many good things to believe in. You can find Johnna on Twitter

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Ex-Ford CEO Called It On Tesla [TSLA]: I Think The Stock Is Heading Higher - CleanTechnica

Tesla adds $14 billion in a day to its valuation, leaves auto giants to eat dust – Hindustan Times

Remember when Tesla Inc.s market value surpassed General Motors Co.? That was just in October, though investors cant be blamed for thinking it was a lifetime ago.

The electric vehicle makers valuation has added the combined value of the Big Three - GM, Ford Motor Co. and Fiat Chrysler - in just five trading days through Monday. Tesla has grown by an average $14 billion on each of those days.

Tesla shares have been on a searing rally this year, recovering spectacularly from a steep pandemic-related sell-off, helped most recently by second-quarter delivery numbers that surpassed market estimates. In the past week, the company has roughly gained the value of Fiat Chrysler Automobiles N.V. every single day.

While skeptics have said the stocks current pace may be getting detached from reality and is instead being fueled by the power of the narrative," many believers abound.

There is definitely a significant retail component that is driving shares higher," Wedbush Securities analyst Daniel Ives said in an interview, referring to individual investors trading on platforms such as Robinhood.

(Also read: Opinion - Tesla's overexcited fans should cool down a little)

Still, a lot of big institutional investors now also want a piece of Tesla and the electric vehicle market, he said. In a Covid-19 pandemic and a dark macro environment, the company just put up a 90,000 delivery number, especially when other automakers are seeing herculean challenges."

Tesla said July 2 it delivered 90,650 cars in the second quarter, which compared with analysts average estimate for about 83,000 units.

The eagerness of big money to get into Tesla was also noted by Roth Capital Partners Craig Irwin, saying the companys valuation was being driven by fund managers who have Tesla grouped with Netflix Inc., Amazon.com Inc., Facebook Inc. and the like, and were valuing it as a large-cap growth stock.

Those managers do not understand that this is not a winner-takes-all industry that those other names are," Irwin said, noting that there are more than 180 electric cars that are slated to come out by 2025. There have been some duds along the way, but you can be sure there will be some winners in those 180."

Tesla shares have gained at least 5% in four out of five sessions through Monday. While it may not be unusual for a company that has had one-day 20% gains twice in its history, the surge shows a consistency that wasnt seen before. Its the first time the stock has posted four out of five sessions with gains of such magnitude.

The latest rally has brought Teslas gains this year to $170 billion, an amount that exceeds the market capitalization of all but 30 companies in the S&P 500.

Teslas valuation doesnt make sense by any traditional measure," said Ivan Feinseth of Tigress Financial Partners. However, it is not a traditional company, so how do you put a traditional measure to it?"

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Tesla adds $14 billion in a day to its valuation, leaves auto giants to eat dust - Hindustan Times

Tesla gets tax break for proposed $1 billion factory in Austin, Texas – FreightWaves

With a key tax break from a local school district, Tesla Inc. (NASDAQ:TSLA) is one step closer to building an electric pickup truck plant in Austin, Texas.

The Del Valle School District just southeast of Austin has approved an incentive package for Tesla that would give the electric vehicle maker $46.4 million in property tax breaks over 10 years if it locates a proposed $1 billion factory on district land.

Tesla is also seeking approval from Travis County commissioners for additional tax incentives before it moves forward with the plant.

Commissioners have discussed offering Tesla a 70% tax rebate on the first $1.1 billion it invests in Travis County. Tesla would also receive a 75% rebate for taxes associated with the second incremental billion, and 80% once $2 billion of investment is exceeded, according to county documents.

The commissioners are set to vote on the final tax incentives package for Tesla on Tuesday.

Tesla has not yet officially chosen a site for its new Cybertruck factory, and Tulsa, Oklahoma, also is still in the mix.

If Austin is selected, it would be Palo Alto, California-based Teslas second U.S. auto factory. Tesla unveiled its electric Cybertruck pickup prototype in November.

Tesla wants to build a 4 million- to 5 million-square-foot manufacturing plant on the 2,100-acre site on school district land near Austin-Bergstrom International Airport.

The new Cybertruck plant is expected to create around 5,000 jobs, with starting pay at $35,000 a year and an average annual salary of $47,147, according to documents filed by Tesla.

Tesla is not expected to start production on the Cybertruck until late 2021 at the earliest. The company already has more than 650,000 reservations for the vehicle, according to a recent report from Wedbush.

The Cybertruck will reportedly be sold in three models, with the least expensive one starting at $40,000.

Tesla shares cracked $1,500 for the first time on Friday, continuing a run that has seen Teslas market capitalization rise 190% in the past six months.

Click for more FreightWaves articles by Noi Mahoney.

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Tesla gets tax break for proposed $1 billion factory in Austin, Texas - FreightWaves

Nasdaq Hits 3rd Straight Record as Tesla Tops $1,500 and Zoom Zooms to New Highs – Motley Fool

The stock market has posted an amazing rebound from its March lows, but the real standout among major market benchmarks has been the Nasdaq Composite (NASDAQINDEX:^COMP). On Friday, the index closed at a record high for the third straight day, buoyed by enthusiasm about the U.S. economy's ability to overcome even a troubling rise in COVID-19 cases. Both the Composite and the Nasdaq 100 Index were up between 0.5% and 1%.

Tesla (NASDAQ:TSLA) and Zoom Video Communications (NASDAQ:ZM) have been among the top performers in the stock market lately, and today both companies saw their stocks move to new record levels. For Tesla, momentum seems to be unstoppable right now, even as short-sellers remain skeptical of the electric vehicle maker's prospects. Zoom, meanwhile, saw more modest gains on Friday, but investors have high hopes for even more from the video collaboration specialist in the weeks ahead.

Shares of Tesla jumped 10% on Friday, adding to their amazing run recently. The stock has climbed more than 50% just since June 29, and investors think that there could be even more gains ahead.

Looming in the immediate future for Tesla is an invitation to join the S&P 500 Index. With the company having surpassed market capitalization and trading requirements long ago, the only remaining hurdle for Tesla to overcome was posting four quarters of positive earnings. That was apparently a close call in the second quarter, but investors seem confident that Tesla managed to get the job done.

Tesla CEO Elon Musk. Image source: Tesla.

In addition, CEO Elon Musk tossed out a tidbit for his fans to ponder. Tesla hopes to start producing vehicles in the German capital of Berlin in the next year, and Musk suggested that the company might consider future vehicle designs for production there that better fit the profile for European city streets.

Tesla isn't the only stock seeing momentum-driven gains right now, but it's among the highest-profile stocks doing so. With so many people wanting to bet against Musk and Tesla, high short interest also leaves open the possibility of short squeezes that could help amplify any good news.

Meanwhile, Zoom Video Communications saw its stock rise 2%. The video conferencing platform provider continues to benefit from trends requiring remote workplace collaboration, and continued difficulties with COVID-19 could make its software even more important for enterprise customers willing to pay up for top quality.

News earlier in the week showed that Zoom is trying to remove all obstacles from would-be clients looking to start using its service. The company will work to provide essential video equipment on a lease basis, dubbing the concept "hardware-as-a-service" and making it more financially feasible for small and mid-sized businesses to take their use of Zoom to the next level.

Yet what investors seem truly excited about is how quickly Zoom has been able to grow in recent months. It won't be until early September before shareholders get another full quarterly report, but Zoom has been good about releasing interim numbers when it achieves key milestones.

It's definitely the case that hundreds of millions of people are using Zoom who didn't just months ago. If even a small fraction of them stay on to become paying customers, then the bump in revenue stands a chance of justifying even the huge gains the tech stock has already seen.

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Nasdaq Hits 3rd Straight Record as Tesla Tops $1,500 and Zoom Zooms to New Highs - Motley Fool

Stocks making the biggest moves after hours: Tesla, Red Rock Resorts, Fitbit and more – CNBC

CEO of Tesla Motors Elon Musk reacts following the company's initial public offering at the NASDAQ market in New York June 29, 2010

Brendan McDermid | Reuters

Check out the companies making headlines after the bell:

TeslaThe automaker's stock rose 1% in extended trading. Tesla's shares jumped 13.5% and hit a new high earlier Monday on JMP Securities' projection that the company will generate $100 billion in annual revenue by 2025.

Red Rock Resorts Red Rock Resorts dropped more than 1% in extended trading. The company said Saturday that Red Rock Resorts President Richard Haskins died in a July 4 watercraft accident and that it will release a succession plan in the coming days. The drop also follows a trend of U.S. casino stocks declining over investor concerns that property closings will continue in the coming weeks because of the coronavirus pandemic.

Inovio Pharmaceuticals Shares of Inovio fell 1% after the market closed. The pharmaceutical company's stock has trended downward since last week when it announced positive results for its coronavirus vaccine clinical trial. Following the release, medical news siteStat said the company did not provide critical data required to evaluate its value.

Fitbit Fitbit's stock whipsawed in extended trading. Regulators in the European Union are reviewing Google's $2.1 billion acquisition of Fitbit, with continuing concerns over how Google could use Fitbit users' personal data and dominate the market.

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Stocks making the biggest moves after hours: Tesla, Red Rock Resorts, Fitbit and more - CNBC

Nikola CEO explains the competition with Tesla – CNN

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Nikola CEO explains the competition with Tesla - CNN

Top Wall Street analysts are betting on stocks like Tesla and Uber for the third quarter – CNBC

View of the phone company QUALCOMM technology 5G in the Mobile World Congress.

Ramon Costa | SOPA Images | LightRocket | Getty Images

How to find compelling stocks primed to outperform during the third quarter of 2020? Here are a few of the names the best-performing Wall Street analysts are betting on right now.

With the stock market looking particularly volatile, it could make sense to follow the stock picks of analysts with a proven track record of success. On the one hand the U.S just added a surprisingly strong 4.8 million jobs in June. On the other hand, a renewed surge in coronavirus cases has left investors feeling jittery.

We usedTipRanksanalyst forecasting serviceto pinpoint Wall Street's best-performing analysts.These are the analysts with the highest success rate and average return measured on a one-year basis- and factoring in the number of ratings made by each analyst.

With that in mind, here are the best-performing analysts' six favorite stocks:

RBC Capital's Brian Abrahams has just selected Gilead Sciences as his top stock pick for the third quarter of 2020. This five-star analyst has a buy rating on GILD with a stock price forecast of $88, indicating 16% upside potential from current levels.

So far year-to-date, Gilead shares have soared 17%, boosted by optimism over the company's investigational coronavirus treatment remdesivir. However, Abrahams believes the company has much more to offer than just remdesivir. He highlights the underappreciated potential for Gilead's Biktarvy, a complete regimen for the treatment of HIV.

"We believe Biktarvy's strong profile and robust launch, along with favorable demographic and pricing dynamics, will underpin good HIV franchise sustainability through at least 2025" the analyst told investors on July 2. With nearer-term competitive threats overblown, he expects this to maintain a strong foundation for GILD's valuation going forward.

What's more, Abrahams sees the company's selective JAK1 inhibitor filgotinib for inflammatory diseases as a 'potential blockbuster' in the pipeline. "Overall, we expect sentiment to remain more positive, with continued strong commercial execution and pipeline diversification helping drive share appreciation" the RBC analyst concludes.

On July 1, Canaccord Genuity's Michael Walkley reiterated his Qualcomm buy rating while ramping up the stock price forecast from $102 to $115 (24% upside potential). This Top 100 analyst finds the current share price 'compelling' and sees multiple catalysts ahead.

With smartphone volumes starting to recover and expected to improve during the rest of the year, Walkley argues that Qualcomm is well-positioned to benefit from the long-term 5G investment cycle. "We anticipate recovering earnings in F2021 as 5G smartphones ramp, Apple re-enters the model for QCT shipments, and global demand for smartphones improves" the analyst explains.

In fact, Walkley believes that Qualcomm has a strong leadership position for 5G that should not only result in strong share gains with leading smartphone manufacturers but also provide an opportunity of up to 1.5x the dollar content of a similar 4G customer smartphone. According to the analyst, this is due to a combination of increased RF content and higher pricing for 5G basebands versus premium-tier 4G solutions.

Walkley is ranked #62 out of over 6,700 analysts tracked by TipRanks, and boasts an average return per rating of 19.9%. Shares in Qualcomm are up 5% year-to-date.

RBC Capital analyst Mark Mahaney is betting on transport giant Uber as his top stock pick for the third quarter. Indeed, Mahaney's $52 price target suggests investors could benefit from significant upside potential of 68%.

"We believe investors largely agree that Uber faces very large TAMs, has a leading competitive position, and benefits from an experienced management team" the analyst wrote in a July 2 report. The controversy for Uber is around profit potential following the largest loss profile of almost any initial public offering (~$3B EBITDA loss in 2019).

However, over the last three years, Mahaney notes that each of Uber's four operating expense lines have declined as a percentage of revenue (from 99% in 2016 to 66% in 2018), while driver and rider subsidies as a percentage of bookings have also decreased materially (from 13% to 9% in the same period).

Looking ahead the analyst sees four key paths to profitability: 1) Better competitive dynamics leading to fewer subsidies; 2) long-term pricing power; 3) insurance leverage from a shift in business to non-ridesharing verticals and international; and 4) expense leverage as the company scales.

Due to a strong 20.3% average return per rating, TipRanks places Mahaney at #93 out of over 6,700 tracked analysts.

Top Needham analyst Laura Martin is growing increasingly bullish on video game leader Activision Blizzard. "We believe video game play and viewing are beneficiaries of COVID-19 "shelter at home" rules, and that post-pandemic engagement levels will remain elevated compared to January 2020 (ie, pre-coronavirus) levels" cheers Martin.

She bumped up her 12-month ATVI stock price forecast from $75 to $90 while reiterating a buy rating on July 2. Given the stock's 31% year-to-date rally, Martin's new price target suggests 15% upside potential lies ahead.

Video game industry upside is being driven by mobile games, genre expansion (51% of "gamers" are now women), and esports (i.e., competitive gaming for money). For Martin, eSports is a key upside driver and ATVI has now launched its second pro league, based on its Call of Duty game (the first was Overwatch League).

"What we like most about ATVI's strategic position is that it owns all of its IP [intellectual property] and manages large, global, super-fan communities" she says. Additionally, it has diverse revenue streams with big barriers to entry based on hit franchises and 'outstanding' shooter games that attract a global audience.

Martin scores a five-star rating on TipRanks, with a ranking of #100 out of 6,742 analysts.

Five-star Oppenheimer analyst Colin Rusch has just reiterated his buy rating on Tesla after the company reported stellar second quarter vehicle delivery and production numbers. TSLA announced total 2Q deliveries of 90,650, ahead of FactSet consensus of 68,380. Meanwhile total production came in at 82,272 with 6,326 ModelS/X and 75,946 Model 3/Y.

"With TSLA posting deliveries well ahead of bull's hopeful possibilities, we believe there are two initial takeaways" the analyst commented on July 2. First, he notes that production re-ramp went as well as could be expected during the quarter. Second, delivery cycle times were much shorter than expected, leading Rusch to conclude: "We believe the company focused on customers near its factories to facilitate this result, but are still impressed."

The analyst now expects that investors will begin to focus on gross margin performance in the quarter, especially in China, to determine Tesla's long-term cost structure. And although depth of demand remains a question for bearish investors, Rusch believes TSLA is unlocking new customers and expanding pools of buyers, while making ongoing cost improvements.

Looking forward, the analyst recommends watching out for additional information on Tesla's advanced technology initiatives, notably battery/powertrain configuration and performance advantages as well as self-driving functionality and algorithm learning cycles.

Rusch, who is ranked at #89 out of over 6,700 analysts on TipRanks, has a $968 stock price forecast on the electric-vehicle company- which has seen shares explode a whopping 189% year-to-date.

Web developer Wix has just received the thumbs up from SunTrust Robinson analyst Naved Khan. With the stock more than doubling year-to-date, Khan boosted his price target from $215 to a Street-high $290 on June 29. Thanks to his strong stock picking record, Khan is ranked #150 out of over 6,700 analysts tracked by TipRanks.

"We're incrementally positive on Wix following conversations with several Web development agencies, including an expert call we hosted last week with an early Wix adopter" the analyst explained. Following several years of focused efforts, he believes Wix is finally gaining traction with agencies and professionals. According to the analyst, this can help unlock a potentially meaningful opportunity (5-8x TAM vs core).

Indeed, Khan notes that the company's Editor X (in beta) for agencies and designers is receiving favorable reviews and is likely to further drive agency adoption/usage, with premium pricing helping monetization.

At the same time, Wix has now launched an expanded e-commerce solution, with several 'must have features' including native payments processing using Wix Payments. "We are impressed by Wix's speed of innovation and believe that the latest move will also help drive usage with Web agencies for ecommerce site creation" Khan commented on June 30.

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Top Wall Street analysts are betting on stocks like Tesla and Uber for the third quarter - CNBC

DeSantis: More than 70 Tesla charging stations coming to the Turnpike in Orlando – FOX 35 Orlando

Charging stations coming to Florida roadways

It will soon be easy to cross Florida in an electric vehicle. Dozens of charging stations will be added in the coming weeks.

ORLANDO, Fla. - Gov. Ron DeSantis announced that 74 Tesla charging stations are coming to Florida's Turnpike.

He made the announcement from the Turkey Lake Service Plaza in Orlando alongsidethe Florida Department of Environmental Protection Secretary Noah Valenstein and representatives from Tesla.

The funds for the stations will come from a settlement worth millions of dollars against Volkswagen for violating the Clean Air Act.

MORE NEWS:Gov. DeSantis: Students should be in classrooms in the fall, not learning online

The 74 charging stations will be created with $8.5 million along Interstate 95and Interstate 75. There are plans in the future to add additional charging stations using that same settlement money.

The charging stations will more than likely be completed within the next two months, DeSantis said.

During the news conference, DeSantis defended the decision to reopen Florida schools despite the surge in coronavirus cases, saying, It should not be political, it should be based on the facts."

DeSantis cited the negatives of kids being isolated fromteachers and peers.

I dont think theres anyone who can make an argument that this is especially risky for kids, he said. Parents should have the ability to make the decision they want.

DeSantis recently said that state schools should reopen as soon as possible.

"I want our kids to be able to minimize this education gap that I think has developed," DeSantis said. "In spite of good efforts with the online, it's just not the same, so I worry about that gap."

RELATED:Tracking coronavirus: Florida sees 2nd-highest daily increase with more than 11,400 new cases on Friday

Per the new executive order,all public schools and charter schools must open their buildings for students at least five days per week.

On Friday,Florida saw it's second-highest daily increase, adding another 11,433 new coronavirus cases.The total statewide is now at 244,151, according to the Florida Department of Health.

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DeSantis: More than 70 Tesla charging stations coming to the Turnpike in Orlando - FOX 35 Orlando

Tesla and Nikola Stock Have Been on Fire. A California Law Could Drive More Gains. – Barron’s

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A California law passed recently will benefit the electric vehicle sector, and could further drive enthusiasm for stocks such as Nikola and Tesla, as well as alternative fuel companies.

California passed the Advanced Clean Trucks rule in late June. It requires heavy duty pickup trucks to be zero-emission vehicles. The rule will be phased in from 2024 through 2035.

The market seemed to take little notice on the day the law passed, June 25when both the Dow Jones Industrial Average and S&P 500 sold off by more than 2%. But Cowen analyst Jeffrey Osborne said a research report last week that he received higher call volume from investors about the electric-vehicle trucking space after its passagea potentially good sign for the industry.

The law might be bullish for Plug Power (ticker: PLUG), Ballard Power Systems (BLDP), Workhorse (WKHS), Nikola (NKLA), Tortoise Acquisition (SHLL) and, of course, Tesla (TSLA).

Plug, Ballard, and Nikola offer fuel-cell technologies. Nikola also plans to sell battery-powered trucks. Tesla, Tortoisevia its pending acquisition of Hyliionand Workhorse plans to sell battery-powered commercial vehicles.

Its difficult to tell how much impact the bills passage has had on EV stocks, because other factors have been in play in the past week. Tesla is up more than 20% since passage, but its shares are more driven by cars than trucks. Last week on Thursday, Tesla reported better-than-expected second-quarter vehicle deliveries, pushing shares 8% higher to a record of more than $1,200 a share.

Workhorse stock is up an unreal 148% since passage around June 25. But Lordstown Motor, in which Workhorse has a 10% stake, launched its light pickup truckcalled Enduranceto much fanfare this past week.

Tortoise stock has soared 59% over the same span, and Plug Power stock has climbed 25%. Ballard has jumped about 24%. The runs have been remarkable.

Nikola shares, on the other hand, are down 16% since June 25, including a 13% drop Thursday. Nikola opened up reservations for its Badger light-duty pickup on Monday. That isnt bad news, but investors might have wanted more information about how reservations were going.

Nikola founder Trevor Milton did tweet on Thursday that the $5,000 deposit package was sold out. Reservations amounts range from $250 to $5,000.

Still, Nikola shares are doing just fine lately, up more than 70% since beginning life as a public company on June 3.

Whatever the reason for the huge rally, there is no denying alternative fuel stocks are on fire.

To be sure, there are risks. Workhorse, Nikola and Hyliion, for instance, dont have substantial sales or a long history of manufacturing excellence. But that obviously just isnt worrying investors right now.

Write to Al Root at allen.root@dowjones.com

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Tesla and Nikola Stock Have Been on Fire. A California Law Could Drive More Gains. - Barron's

Tesla cuts price of Model Y SUV by $3,000, Electrek says – Reuters

FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson

(Reuters) - U.S. electric carmaker Tesla Inc (TSLA.O) reduced the price of its sports utility vehicle Model Y by $3,000, Electrek bit.ly/327OJoV reported on Saturday.

Tesla's mid-sized SUV, which is sold as a Long Range or Performance version - is now priced at $49,990, according to the carmaker's website bit.ly/327lz9y.

The Performance version will be updated with a new configuration, the report added.

Tesla did not immediately respond to Reuters request for comment.

The Model Y was unveiled on March 14 last year, promising a much-awaited crossover that will face competition from European carmakers rolling out their own electric rivals.

In April, Tesla had said the Model Y was already profitable, marking the first time in the companys history that one of its new vehicles turned a profit in its first quarter.

Tesla delivered 90,650 vehicles during the second quarter, above estimates for 74,130 vehicles, according to Refinitiv data. It delivered 80,050 units of its new Model Y SUV and Model 3 for the quarter.

Reporting by Aishwarya Nair in Bengaluru; Editing by Paul Simao

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Tesla cuts price of Model Y SUV by $3,000, Electrek says - Reuters

Powerwall installation Washington State | Tesla

Passion2Fly | December 30, 2019

The PW can only be installed by a Tesla certified company. You cant use your own electrician. However, $24k for two PWs is on the high side. You should be able to find cheaper if looking around... The right price is probably $16k-$20k...

jrweiss98020 | December 30, 2019

Get a couple estimates. I had mine done by A&R Solar. Permitting, inspections, installer's warranty, ancillary equipment, and upgrading electrical service to meet current code (less likely needed in a new build) all add to the costs.

Patrick | December 31, 2019

Agree with Passion - we just paid $9K each for three units including installation to a local Tesla dealer in NC.

Tesla-David | December 31, 2019

I live in Edmonds, WA and had our two PW2 installation in June 2018 by A&R Solar for $15.5k. A&R also did our solar PV installation in 2012, and they are an incredible company that have treated me well, and would recommend them for PW2 installation in a heartbeat. They would also be my choice for your future solar installation as well. A&R is certified by Tesla for PW2 installations. We were the second PW2 installation in WA in 2018.

gregbrew | December 31, 2019

Tesla installed my two PWs in January this year, onto an existing 5kW PV array in So. CA. ~$18k.

novehe6496 | January 3, 2020

RCorsa | January 9, 2020

Interesting. It was A&R that quoted me $24k. Does anyone have other local Tesla installers

TeresaP | March 7, 2020

Who did you end up going with? We are looking at A&R for solar panels as well as 2 Powerwalls.

Tesla-David | March 7, 2020

A&R did our 13.2 kWh solar installation in 2012 and our 2-PW2 installation in June 2018. They did an exceptional job on both, and can tell you they are a great company to work with. They have always been there to answer question and deal with issues I have had, relative to having a few microinverters needing to be replaced on several occasions. I have gotten to know Andy and Reeves quite well over past 7+ years and totally recommend A&R solar as a quality vendor to anyone.

SamsAwesome | April 8, 2020

Do you feel the Powerwall was worth it in the Seattle area? I'm looking into solar and wondering, on Puget Sound Energy, if it's worth having a Powerwall when it is very rare we lose power in my particular area, PSE doesn't do time-of-use rates, etc.

Tesla-David | April 8, 2020

@SamsAwesome, Yes the PW2 installation was well worth it. You are right we rarely lose power in Edmonds, WA, but we have had several shorth outages in last six months, and they worked flawlessly to keep everything running. For us reducing our reliance on grid energy was one of the primary reasons for adding the PW2's, and they have worked exceptionally well to minimize our grid energy use for ~9 months of the year. We will not be drawing any energy from grid until end of October with our setup, which also includes charging up our two Tesla's (M3 and MS). Snohomish PUD pays us for our excess solar ($0.54/kWh) and we get a check for $5,000 for our excess solar exported to grid every year through Net Metering. This will be the last year those incentives will be in effect, as the incentives sunset in 2020. They have been handy in helping us pay off our 2012 solar PV installation. The solar + PW2 installation have been well worth the investment IMHO.

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Powerwall installation Washington State | Tesla

Analyst: Tesla And Nikola Are The ‘Silent Short Seller Killers’ – Benzinga

A buying frenzy in electric vehicles stocks has Tesla Inc (NASDAQ: TSLA) shares up 62.1% and Nikola Corporation (NASDAQ: NKLA) shares up 60%since Nikola first began trading on June 4.

While EV investors are making a killing off the scramble for EV stocks, S3 Partners analyst Ihor Dusaniwsky said short squeezes could drive significant additional upside in both Tesla and Nikola.

Dusaniwsky saidTesla already appears to be in the middle of a short squeeze. Tesla has $19.1 billion in aggregate short interest, more than any other domestic U.S. stock. However, Teslas short interest is down by $2.3 billion in the past 30 days, suggesting some short sellers may finally be throwing in the towel after the stock gained 508% in the past year.

Nikolas short interest of $390 million is much smaller, but the two stocks have similar short percentages of float. Teslas short percent of float is 9.5%, while Nikolas is 7.6%.

Dusaniwsky said Tesla short sellers have endured $18 billion in mark-to-market losses year-to-date in 2020, with 43% of those losses coming in the past five weeks of trading. He said these heavy losses are the reason behind Teslas short squeeze, which is already in progress.

If Teslas stock price continues to trend upward, we expect even more short covering as mark-to-market losses accumulate, Dusaniwsky said.

The Nikola short squeeze has not yet begun at this point, but Dusaniwsky said skyrocketing borrow fees for the stock suggest a squeeze could be just around the corner.

Nikolas stock borrow fees have spiked to around 600%, and Nikola short sellers have paid $66 million in borrow fees in the month of July alone. At current borrow costs, Dusaniwsky said Nikola short sellers need the stock to drop 1.67% daily just to break even.

If NKLAs stock price appreciates, short sellers will be big losers on both sides of the short sale profitloss calculation unless NKLAs stock price trends downward a short squeeze is inevitable, he said.

Skyrocketing EV valuations have many analysts and traders as skeptical as ever about Tesla and Nikolas stock prices. However, given the market dynamics at play, both stocks make very risky short trades at this point.

It looks like electric and hydrogen car manufacturers are the silent short seller killers in the market today, Dusaniwsky said.

The average Wall Street analyst price targets for Tesla and Nikola are $722.26 and $46, implying 48.2% and 19% downside, respectively. Tesla shares have roughly doubled in the two months since CEO Elon Musk tweeted Tesla stock price is too high imo back on May 1.

Do you agree with this take? Emailfeedback@benzinga.comwith your thoughts.

Related Links:

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View More Analyst Ratings for TSLA View the Latest Analyst Ratings

2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Analyst: Tesla And Nikola Are The 'Silent Short Seller Killers' - Benzinga

Cars, a cocktail and a celebrity: South Koreans succumb to Tesla fever – Reuters

SEOUL (Reuters) - From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc (TSLA.O) is having a moment in South Korea, particularly among tech-savvy professionals.

Kang Sung-mo, who runs an advertising production agency in Seoul, is a convert.

I am not interested in cars, but I am interested in the Tesla brand and its technology, the 39-year-old told Reuters.

Kang bought a Tesla Model 3 in December, ditching the Hyundai crossover he bought only last summer. Being associated with Teslas reputation for innovation was good for his image, he said.

The U.S. electric car maker had its best month for South Korea in June, selling 2,827 vehicles and bouncing back from weak sales in April and May which were hit by U.S. production disruptions due to the coronavirus. The Model 3 is now the countrys No.2 imported vehicle, ahead of the BMW 5 series and the Audi A6, and just behind the Mercedes E-Class.

By contrast, Hyundai Motor Co (005380.KS), the dominant automaker in South Korea, saw sales of its Kona EV slump 31% in June to 2,513 vehicles.

Another 4,000 to5,000 South Korean customers have the Model 3 on order, although most of them may have to wait until at least September for delivery, said a source familiar with the matter. The source was not authorised to speak to the media and declined to be identified.

Teslas rising popularity among affluent professionals in South Korea, who have been relatively unscathed by the pandemic, is one of many feathers in its cap.

Highlighting the threat it poses to established brands, Tesla last week surpassed Toyota Motor Corp (7203.T) as the worlds most valuable automaker while its second-quarter deliveries smashed expectations at a time when sales at rivals have been laid low by the pandemic.

South Koreas generous subsidies of 12.43 million won ($10,380) for the Model 3 have definitely helped sales, bringing the cars price down to less than $40,000, but the Silicon Valley automaker has also generated a genuine buzz.

In social media posts, South Korean Tesla fans avidly track the routes of ships bringing its cars to Asia, while at the countrys bars, the latest trendy cocktail is a mix of HiteJinros (000080.KS) Terra-brand beer and the Korean traditional liquor soju. Smashed together, their names are pronounced Tesla in Korean.

The automaker has additionally benefited from free advertising after popular Korean actor Yoo Ah-in, known for his sense of style, drove his Tesla Model X SUV to go grocery shopping on a reality show aired last month. That has led to a spike in orders for the vehicle, a second person familiar with the matter said without elaborating.

Some new Korean owners noted they bought a Tesla for practical reasons.

Kim Dong-hwan, who works in IT in Seoul, wanted to avoid public transportation during the pandemic and driving fatigue on his long commute.

Not everything is perfect - his Model 3 has a panel gap and he has to wait several months before it will be fixed - but Kim says the benefits and emotional appeal of a technologically advanced brand were worth it.

I am very satisfied given that Teslas self-driving feature has reduced fatigue while driving, he said.

Reporting by Hyunjoo Jin; Additional reporting by Daewoung Kim; Editing by Edwina Gibbs

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Cars, a cocktail and a celebrity: South Koreans succumb to Tesla fever - Reuters

WIRE Buzz: Malorie movie in early stages; Roswell creator exits; and Tesla trailer – SYFY WIRE

Sandra Bullock should start practicingher blind acting skills because a film adaptation of Josh Malerman's Bird Box sequel,Malorie, is reportedly in the works.

"I cant say much, butI can say that it is in development. Sometimes its weird, all this secrecy, but Im game," the author told Inverse.

It's probably safe to assume that Netflix is the one looking (get it?)to bring the upcoming novel to the screen. The movie version of Bird Box enjoyed the streamer's biggest debut for an original film;over 45 million accounts allegedly watched itwithin the first week.

Going on sale July 21, the follow-up is set more than a decade after the events of the first book. Now living at a defunct summer camp with her son and adopted daughter, the paranoid Malorie Hayes decides to once again brave the world of mysterious creatures that drive people insane.

Chatting with SYFY WIRE, Malerman described Malorie as "pee-your-pants scary fun."

Carina Adly MacKenzie is vacating her position as creator/showrunner of The CW's Roswell, New Mexico. Per The Hollywood Reporter, her "relationship with studio Warner Bros. Television had been strained for some time."

Based on the report, the final straw arrived when WBTV was forced to do "damage control" afterMacKenzie took to Twitter last monthto accusethe U.K.'s ITV of cutting a same-sex "love scene"from a certainepisode. A rep for ITV2 refuted her claims of homophobia and bigotry, stating that "scenes involving sexual content were edited in keeping with the regulator, Ofcom's, guidelines."

"I have made the difficult decision to resign from my role onRoswell, New Mexico. I do not take this decision lightly, but ultimately due to fundamental differences, I must depart and entrustRoswell, New Mexicoto capable hands,"MacKenziesaid in a statement to THR."I am so proud of what we built over the last two years, and I believe in the heart and soul of the show: asking tough questions, striving to make the world better, amplifying marginalized voices, and fighting the good fight."

"The third season of the series will return to The CW as part of the networks 2021 midseason lineup," added a rep for WBTV.

Roswell, NM is the second television translation ofMelinda Metz's Roswell High books.

Ethan Hawke is absolutely electric in the first trailer for Tesla, a biopic about Nikola Tesla, the inventor, who often gets obscured by the looming shadow cast by Thomas Edison. Twin Peak'sKyle MacLachlan co-stars as Edison in the unconventional historical flick fromMichael Almereyda.

Utilizingfourth wall-breaking narration,anachronistic technology, and atmospheric backdrops,the film explores Tesla's "uphill battle to bring his revolutionary electrical system to fruition," as well as the"thornier challenges" involved"with his new system for worldwide wireless energy," reads the synopsis.

Watch the trailer below:

Jim Gaffigan andDonnie Keshawarz playGeorge Westinghouse and J.P. Morgan respectively.Eve Hewson takes up the role of Morgan's daughter, Anne, who "analyzes and presents the story as it unfolds, offering a distinctly modern voice to this scientific period drama which, like its subject, defies convention."

"Almereyda lays tracks to take Teslain a dozen wild directions,"wroteAmy Nicholson wrote in her review for Variety. "Early on, Anne whips out a MacBook to use Google image search. Later, Edison kills time on a cellphone. Almereydas entitled to meld past and present Tesla was a man of the future. Yet, having ordered the audience onboard, Almereyda doesnt go anywhere with the gambit."

This is the second movie in the last few years to depict the professional and scientific rivalries among Tesla,Edison, and Westinghouse. The first was Alfonso Gomez-Rejon'sThe Current War in 2017.

Hawke andAlmereyda previously worked together on projects like 2000'sHamlet and 2014'sCymbeline.Tesla strikes theaters and VODFriday, August 21.

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WIRE Buzz: Malorie movie in early stages; Roswell creator exits; and Tesla trailer - SYFY WIRE

Tesla electric hatchback: Elon Musk says new car might be designed in Germany – Electrek

Tesla CEO Elon Musk says that the automaker might design and engineer a small electric hatchback in Germany.

Earlier today, Electrek reported that Volvo bought a Tesla Model Y in the US and brought it to Sweden, presumably to reverse engineer it.

Commenting on the story, Musk said:

Berlin Model Y is the one to watch. That is a revolution in automotive body engineering (finally).

The CEO seems to imply that Volvo should instead take a look at the version of the Model Y that Tesla plans to build at Gigafactory Berlin since it will be greatly improved though its not available yet so they cant really do that.

Following the comment, Musk was asked if Tesla could build a smaller European style hatchback and the CEO responded:

At the very least, it sounds like Musk is interested in the idea.

Lately, the CEO has been discussing not only building cars where they are building new factories, in Germany and China, but also designing and engineering cars in those markets.

In China, Tesla has been taking design submissions for a Chinese-made small electric car.

Musk already announced plans for Tesla to open a European design center in Germany.

Now it sounds like the design and engineering team that Tesla plans to hire at the location could end up designing a smaller electric hatchback.

Tesla fans have been asking for a small electric hatchback for years now and I think this is the first time that Elon has openly talked about the possibility.

It looks like we might be getting it from China based on the drawing that the automaker released for a Chinese-designed Tesla vehicle, but now it sounds like this new German-designed Tesla car could be a whole separate vehicle program.

Those vehicles are also exciting because they likely mean that Tesla is thinking about going downmarket from Model 3, which is something that Elon has pushed against in the past.

Could you imagine a Tesla 5-door hatchback with 250 miles of range starting at $30,000? That would be a killer.

Tesla could also offer a dual motor Performance version for $40,000+ to create a hot hatch that would just be an autocross machine.

I basically want Tesla to do their own version of the Zoe RS hot hatch that Renault has been teasing for years but never released.

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Tesla electric hatchback: Elon Musk says new car might be designed in Germany - Electrek

The Zacks Analyst Blog Highlights: Tesla, Toyota, Exxon Mobil, Nikola and Ford Motor Company – Yahoo Finance

For Immediate Release

Chicago, IL July 10, 2020 Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tesla TSLA, Toyota TM, Exxon Mobil XOM, Nikola NKLA and Ford Motor Company F.

Here are highlights from Thursdays Analyst Blog:

Will Tesla Mean the End of Oil?

Tesla, a company that built its millionth car (less than 10% of Toyotas annual volume) earlier this year, is now the most valuable automotive enterprise on earth. The financial world is pricing in an imminent electronic vehicle (EV) takeover and the eventual obsolescence of oil.

Oil stocks have been stumbling since their high in the summer of 2014. Global oil production has been on the rise for decades, but it appears that demand has been lagging output, according to the International Energy Agency (IEA).

The world is working towards sustainability, moving away from fossil fuels like oil & gas. EVs have been taking center stage in this push towards a more sustainable planet. Tesla has been the primary beneficiary of this movement as its market value soars past the old oil giant Exxon Mobil, whose market value has plummeted 58% since its 2014 high (down 42% in 2020 alone).

Tesla and the rise of EVs are disrupting not only the automotive industry but long-term oil demand. We are seeing a massive economic shift towards tech, and it doesnt look like oil is on board.

The COVID Effect

This pandemic has seemingly compressed 5 years of digitalization into only 5 months, and electric cars have continued to perform with this tech-driven tail wind filling its performance sails. Despite the economic recession, Tesla was able to deliver over 90,000 vehicles, blowing analysts 72,000 delivery estimates out of the water.

The world wants EVs, and with Teslas China Gigafactory ramping up production and the Berlin Gigafactory anticipating to start production by next, they are ready to give it to them.

Tesla is not the only EV beneficiary of this tech driving pandemic. Nikola recently debuted its shares to the public through an unconventional acquisition, and the share price has been flying ever since. Nikola, a company that has yet to produce a single-vehicle, is now valued at roughly the market cap as the more than a century-old Ford Motor Company.

Future Of Oil

Oil businesses used to be the most valuable companies in the S&P 500 even a decade ago, with money pouring into these enterprises, like water from a spring. Historically, as the world population has grown, so has its appetite for oil, but an economic shift is upon us.

The oil & gas industry is just beginning to be uprooted by renewable energies and electric cars. Our oil appetite is dwindling, very slowly let me add, but still diminishing. I expect to see continued consolidation in this field in the years to come, as it is typical of maturing to declining industries.

The Takeaway

The global pandemic may have catalyzed the current slump in gas prices, but it foreshadows what is to come. Innovation-driven businesses like Tesla and maybe even Nikola will drive growth through the next decade while oil companies are forced to cut costs and scale to drive shareholder returns.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumedthat any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein andis subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportFord Motor Company (F) : Free Stock Analysis ReportExxon Mobil Corporation (XOM) : Free Stock Analysis ReportToyota Motor Corporation (TM) : Free Stock Analysis ReportTesla, Inc. (TSLA) : Free Stock Analysis ReportTo read this article on Zacks.com click here.

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Tesla Model Prices, Photos, News, Reviews and Videos …

It's almost impossible to separate the audacious reality of Tesla, elevating the EV from an unsexy commuter appliance to a powerful and luxurious statement of success, from its indomitable founder, Elon Musk. The company, like the founder, thrives on publicity that raises the profile of the whole enterprise. The Model S was tipping point, since the earlier Roadster was a niche product, providing serious real-world range and a huge network of ultra-fast chargers; accomplishments no full-line automakers have fully rivaled to date. The Model X SUV with its novel falcon doors came next, and more recently, the Model 3. As of this writing, the Model 3 is in limited production and is experiencing some quality-control hiccups. If Model 3 production can ramp up as Musk expects, Telsa is poised to perhaps secure its future. Whatever Tesla's fate, its meteoric rise as a purveyor of fast, green American sedans and SUVs has been incredible.

Select a ModelModel 3Model SModel XModel YRoadster

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