Tesla

Today’s 13% drop in shares of TSLA diminishes the probability that the $920M note, due on March 1st, will convert to equity. If the stock fails to reach a share price of $360, the company will have to service the debt…

Tesla’s plan to reduce headcount by 7% does not change our long term view on the company. Note that Tesla increased headcount by 30% last year to ramp Model 3 production. Realized manufacturing efficiencies will allow the company to reduce headcount…

Tesla reported Q4 production and delivery numbers fractionally (<1%) below Street expectations. Separately, the company announced they have reduced the price of all models in the US by $2,000. These developments are psychological setbacks for investors looking to gain confidence in…

Tesla announced that Larry Ellison and Kathleen Wilson-Thompson joined the company’s board effective this past Thursday. We’ve hoped Tesla would add more independence and influence to its board and believe this announcement is a strong step forward to that end.…

1. Apple will be the best performing FAANG stock in 2019 (by Gene Munster) First, we believe the theme of Apple as a Service will slowly take root in 2019. Apple’s new reporting methodology will help focus investors on revenue…

Depreciation in the used car market is one way to read demand for a manufacturer’s vehicles. Vehicles that are more in demand depreciate less. To compare the depreciation of the Tesla Model S with competing in class vehicles, we collected…

Halo Sport Headset | $499 | A pair of headphones that utilizes neuropriming to improve workouts. Apple Watch Series 4 | $499 | Fall detection, an electrocardiogram, super-accurate fitness tracking, and cell connectivity make it the best smartwatch period. Plae Shoes |…

We remain believers in the Tesla story. We think the company has the best product roadmap in tech and will ride multiple waves including the growth of EVs, autonomous vehicles, ride sharing, solar capture, and energy storage. While we’re optimistic about…

Tesla reported its Sept-18 quarter results. Making electric vehicles profitably and funding the company’s growth through operations is a big deal, and the stock is reacting accordingly, with shares up ~10% after hours. Our key takeaways: Profitability is improving at…

This week Tesla announced a new Model 3 configuration, shifting the lowest-price Model 3 option from $49,000 to $45,000. The new option has an all-new “mid range” battery pack and is only available in rear-wheel drive. This is a sign…

Elon Musk’s desire to win every battle may cost him the war. Last week, in an attempt to achieve some mental “victory” against the SEC after settling charges related to his go-private tweet earlier this year, Musk needled the agency…

Tesla released Sep-18 production and delivery numbers this morning. While the numbers were in line with guidance, the update is incremental, given Tesla investors have been conditioned to brace for negative news. This is a good day for Tesla. The…