Tesla shares suffer their worst losing streak in months
Shares of Tesla Inc. notched their longest losing streak in more than two months, down for a fourth straight session and ending the week off 7.6%. The stock was the second-worst performer on the Nasdaq-100 NDX, -0.04% on Friday, suffering its lowest close in two weeks. Over the four-day losing stretch, shares fell more than 7%, tipping the stock to monthly losses of more than 1%.
Tesla TSLA, -4.20% shares on Monday closed at a record $385, supplanting a previous all-time close of $383.45 in June. On Tuesday, analysts at Jefferies started their coverage on the stock, siding with the bears: They rated the shares their equivalent of sell and forecast the company to lose money at least until 2020, one year past what other analysts have predicted for Tesla.
Tesla wants to build ‘mega supercharging’ stops that sell food and coffee
Tesla wants to take the tedium out of the charging experience by turning its stops into convenience stores. Tesla owners already have it pretty good when it comes to juicing up their vehicles. Customers can drive to one of the companies’ many Supercharger stations and be back on the road in just 30 minutes.
Most electric-car owners need to set aside at least an hour, making an overnight charge in the garage the best option. Still, 30 minutes is a long time for anyone who is used to the convenience of a gas station. That’s why the company wants to build new Superchargers […]
Funding Tesla Annoys Automakers That Need Electric Car Credits
Tesla Inc. has generated nearly $1 billion in revenue the last five years from an unlikely source: Rival automakers. Needless to say, the other companies aren’t happy. California requires that automakers sell electric and other non-polluting vehicles in proportion to their market share.
If the manufacturers don’t sell enough of them, they have to purchase credits from competitors to make up the difference. Tesla, which exclusively sells battery-powered models, sold $302.3 million in regulatory credits last year alone.
Trade of the Day | 9-25-17
TSLA-Tesla stock price traded into a saturation play on Friday and sets up a buying opportunity today. Game planning a lower opening, off the opening price, which means the first momentum of the day expected to be lower and then find a bottom top bid for a new swing trade long.
Looking to begin building a one-third position using a $345 limit order to buy, with the remainder of the trade using a $343 limit order. Stop loss on a close below $338. Target to sell the new swing trade long comes in at $382.50
GET PODCAST UPDATES
Become a Better Trader. Get Notified.
The Most Important Reason Traders Can’t Size Up Their Positions
These are the next risk events for investors now
Oil hits seven-month high as producers say market rebalancing
Facebook Won’t Hire You for Its Data Center
Wall Street week ahead: Tax reform, tech and the latest on the housing market
Stocks to Trade | Monday Edition 9-25-17
Bullish Momentum: JUNO, FSLR, SLCA, LRCX, KSS, HTZ
Bearish Momentum: exel, tsla
Bullish Order Flow: XLNX, PSX, CVX, KSS, VLO, LYB, AABA, LRCX, DLTR, MCHP, TTWO, ADI, BIDU, HD, BABA, MAR, BA, MA, ABBV, CELG,
PNC, KITE, UNP, BZUN, CAT, AMGN
Bearish Order Flow: x, khc, gis, k, dis, mnk, ual, agn, efx
Double Normal Volume: EFX, EXEL, JUNO, FSLR, UNH, NLNK
Inside Days: intc, mu, baba, nvda, jpm, ko, bbby, ms, nflx, bmy, momo, ctsh, tgt, dhi, cf, axp, mcd, unp, mos, cof, trip, aaoi