Morning Movers: Tesla Tanks on Delivery Miss; Rowan Sinks Tesla Motors (TSLA) has dropped 3.4% to $209.25 after it delivered fewer cars during the second quarter than it had forecasted. http://blogs.barrons.com/stockstowa...y-miss-rowan-sinks/?mod=yahoobarrons&ru=yahoo
Tesla's delivery miss tests investors' faith http://www.cnbc.com/2016/07/05/teslas-delivery-miss-tests-investors-faith.html Tesla misses delivery target4 Hours Ago|02:32 For Tesla skeptics, the automaker's second-quarter delivery report gave them yet another reason to say "I told you so." The electric vehicle maker said over the weekend that it delivered 14,370 vehicles during its recently ended three-month period, which was well below analysts' target for 17,000. It's the second straight quarter the company's deliveries have fallen short of expectations. The miss added fuel to the fire of Tesla's doubters, who have consistently criticized its inability to keep up with demand. That shortfall was particularly pronounced with its Model X vehicle, which stumbled out of the gate due to its complex design. Though production of this vehicle has since improved, it hasn't been enough to quiet the company's critics
Still bullish longterm but this is still bearish in the meantime. Oil correlation brings this down to sub 180 if we get to 40/barrel.
This is my favorite stock. This stock is here to stay for a long time looking at the current emissions and people shifting towards solar and electric products, this stock is a must for a long term investment. With the model s success and the model 3 launch in the next year with an already advanced booking the stock will boom in the next year too. Many analysts are going positive over tsla stock keeping these factors in mind.
Long-term I think Tesla will be a good investment, and I mean long-term, like 5-10 years. Right now, I'm not convinced. There will continually be missed deadlines and unfilled orders. You can't promise to build X amount of cars when you've never built anywhere near that amount.
Anyday now one big institutional investor will bail, why would they want to hold here with all the negative news & global uncertainty
Boy I've had my head in the sand on this product. It took that fatal accident and reports after before I realized they were actually putting driverless cars out to the public to be BETA tested on the road? All this time I thought driverless technology was still in the "lab" under controlled testing conditions. I shudder at the thought of this in the hands of immature "kids" that think it is cool to video themselves driving while playing video games or even sitting in the passenger seat while out in public and putting other peoples lives at risk on a beta test. How did this ever get approved? I won't ever touch this stock. The volatility that comes with the risk of more fatal accidents is quite high IMHO.
Thats already been done. The driverless cars are almost perfect in highway conditions, it in intersections that you need to be aware of your surroundings and have your hands ready on the wheel.
That's the scary part, I know they have already posted many videos of their inappropriate reliance on the technology. My point is this technology is not ready to be put in the hands of a bunch of knuckleheads putting my life in danger if I get anywhere near them. I'm appalled that this technology is being permitted by our motor vehicle departments.
Ultimately driverless cars will be great for transporting the elderly and children (no more driving your kids to school, just stay home and telecommute!). But for now, laws say a licensed person must be behind the wheel. And those laws will stay as long as the technology is still being beta tested by patty cake knuckleheads.
The potential for good news from this company is very small. Musk has already set the bar high by increasing expectations (and we still haven't gotten back to 260). IF they actually hit expectations, and that's no doubt a big IF, then that would not be good news more of a relief I think. Of course they theoretically could exceed expectations So if you're looking for good news from TSLA, you need them to exceed some pretty high expectations. We could be looking at a company that only can have bad news from here. Or Musk could talk up more good news by increasing expectations again. People love hearing tales about the future. One who is more bearish could say that Musk's stories are important to the continued rise of TSLA in the near-term, but that's none of my business.
