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Tag: NASDAQ: TSLA

  • Tesla (NASDAQ: TSLA) Claims Nikola Steal Its Truck Design

    Tesla (NASDAQ: TSLA) Claims Nikola Steal Its Truck Design

    Tesla Inc. (NASDAQ: TSLA) revealed that Nikola Corporation ()NASDAQ: NKLA) has copied the truck design of Tesla from Adriano Mudri, a director of design at the automotive company. Nikola Corporation is in a legal battle with Tesla Inc. as it earlier claimed that Tesla has copied the design of the Nikola One concept. But now the electric car maker is striking back the Nikola Corporation and filed a lawsuit in the US district court.

    Nikola Corporation has earlier obtained the patent for the design of a few features of its Nikola Truck it has launched in 2016, a year before Tesla has revealed its own electric truck.  Nikola is demanding $2 billion in damages from Tesla. But Tesla denied the claim and said that the patent which Nikola has obtained is not valid as it is failed to reveal that some of the Nikola One’s features were designed by Adriano Mudri.

    The electric car maker has issued the statement and revealed that the Adriano Mudri is the designer of the Road Runner concept trucks which is a hydrogen-power concept truck. Tesla said that Trevor Milton has contacted Adriano Mudri during 2014 and or /2015 and he was aware of the design of the roadrunner truck which has similar features as Nikola one.

    Tesla argued that Trevor Milton has deceiving intent in not naming Mudri as an inventor in the patent application. The company also claimed that the patent office wouldn’t have issued the patent if they would have been aware that some features were based on a prior design by Mudri.

    Shares of Tesla Inc. (NASDAQ: TSLA) went up 1.95% at $387.79 during the trading session of Thursday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low range of $43.67 and a high range of $502.49. It has moved up 787.96% from its 52-weeks low and moved down -22.83% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.20. Tesla Inc. has a total market capitalization of $346.05 billion at the time of writing.

    Earlier, Hindenburg’s research has also claimed in a report that Nikola Corporation has made a series of false public statements. The research report also claimed that the company has deceived the public with the video called ‘Nikola One in Motion.’ But the Nikola Corporation has denied the accusation. Furthermore,  CEO Trevor Milton has also resigned from his position to defend himself against the claim made by Hindenburg research.

  • GM Venture’s Mini Car Topped Sale In China, Beat Tesla’s Model 3

    GM Venture’s Mini Car Topped Sale In China, Beat Tesla’s Model 3

    General Motor (GM) micro electric vehicle has been considered as the ‘winner’ as it has sold 15,000 cars in China in the last months.

    Tesla Inc (TSLA) has lost the title of Chinese market leader in terms of sale and has recorded the sales of 11, 000 models 3 sedans in China. Previously, it dominates the Chinese market after selling 11,095 Shanghai-made Model 3 vehicles in China in May. It has sold 3,635 vehicles in April and around 10,160 units in March.

    A two-door micro electric vehicle, Hongguang MINI EV, introduced by the joint venture between General Motor and SAIC Motor Corp., and another partner SGMW in July. Hongguang MINI EV’s starting price reported to be the 28,800 yuan ($4,200). Its starting price is 10% less than Tesla’s China-made model 3 vehicle’s starting price.

    General Motors (NYSE: GM) share price went from a low point around $14.32 to briefly over $39.78 in the past 52 weeks, though shares have since pulled back to $30.00. GM has moved up 109.42% from its 52-weeks low and moved down -24.58% from its 52-weeks high. General Motors market capitalization has remained high, hitting $42.19 billion at the time of writing. Looking at its profitability, it has a return on assets of 0.60%, return on equity of 3.70%, and return on investment of 3.20%.

    General Motors executive vice president and president of GM China, Julian Blissett has earlier disclosed that the GM venture will focus on luxury Cadillacs and is planning to launch low cost micro electric vehicles. General motor and its joint ventures have earlier recorded the sales of more than 713,600 vehicles in China in the second quarter.

    GM’s china has exhibited the signs of recovery as it has reported Buick deliveries surpassed  213,500 units in the second quarter. Baojun deliveries surpassed 94,100 units. Chevrolet dispatched more than 77,600 vehicles. Baojun deliveries topped 94,100 units.

  • Tesla Inc (NASDAQ:TSLA) Stock Is Soaring. Here’s Why.

    Tesla Inc (NASDAQ:TSLA) Stock Is Soaring. Here’s Why.

    Shares of Tesla Inc. (NASDAQ:TSLA) soared 2.78% as it has gained 11.32 on Friday. Tesla feels the pressure as it wasn’t added to the S&P 500. It has been waiting for this addition since the EV maker disclosed the profit in the second quarter. Tesla Inc has achieved the requirements necessary to make the company eligible for the S&P 500.

    Recently, the S&P 500, a stock market index that measures the performance of the stock of 500 larger companies has reorganized the position of various companies but Tesla didn’t get a chance to enter the list of S&P 500 companies. S&P 500 is continuously updating and add growing companies to better exhibit the growth of all the companies.

    There are few basic requirements of S&P such as the company must be based in the US, have a market cap of at least $8.2 billion, and many more components that make the company’s eligible for S&P. S&P 500 has disclosed that it would add Teradyne (TER), Catalent (CTLT), and Etsy (ETSY) replacing Kohl’s (KSS), Coty (COTY), and H&R Block (HRB).

    Tesla Inc (NASDAQ: TSLA) with a market capitalization of $379.24 billion is more eligible than Disney, Toyota, or Coca-Cola. But this time it missed its chance to enter in S&P 500. Investors were disappointed after seeing the company wasn’t in the S&P 500 index. The market capitalization of Tesla Inc is more than 100 times the smallest company in the S&P 500.

    Share of Tesla (NASDAQ: TSLA) rose 2.78% as it gained +11.32 on Friday. It had reported a trading volume of 106.32 million as compared to the average volume of 74.18 million. In the past 52-weeks of trading, this company’s stock fluctuated between the low of $43.67 and a high of $502.49. It had moved up 857.85% from its 52-weeks low and moved down -16.75% from its 52-weeks low. Tesla market capitalization remained high, hitting $379.24 billion at the time of writing.

    Previously, Tesla Inc soared as it was speculated that it would join the S&P 500. S&P which is responsible for adding the eligible companies in the index hasn’t disclosed the reason why some companies failed to join the index.  Pierre Ferragu of New Street Research anticipated that Tesla would perform well in the coming days as it is considered to be one of the largest carmakers in the term of sales and output. CFRA has also upgraded Tesla from sell to buy on Friday.

     

  • Which One is Better After Stock Split: TSLA or AAPL?

    Which One is Better After Stock Split: TSLA or AAPL?

    It is a good day for Tesla [NASDAQ: TSLA] and Apple [NASDAQ:AAPL] investors. The two companies have done a stock split to become accessible to a wider investor base. Investor momentum in the two is being driven by the excitement around the stock split and the fact that they are both fundamentally strong companies. Tesla has turned profitable and continues to record strong revenue numbers.

    Apple Inc [AAPL] too is on a growth trajectory and has made history by hitting a valuation of $2 trillion. So between these two companies, which one is a better hold?

    Well, the two stocks are a good hold both for short-term and long-term investing.  As such with enough resources, holding both presents a good opportunity for gains.

    However, if one only has the resources to invest in one of the two stocks, AAPL would be a better hold. That’s because, it is a dominant player in its markets, with little possibility of being overtaken by any other company.  For context, Apple dominates 50% of the smartwatch market.

    The company’s core product, the iPhone is one of the fastest-selling smartphones in the market. Most importantly, the iPhone stands out for the margins it makes per phone. The company sells the phones at a premium and is the key reason behind Apple’s huge valuation. Going by the iPhone’s brand equity, it is unlikely to be dethroned by any other smartphone maker anytime soon.

    On top of that, the company has been able to leverage the iPhone to sell a wide array of profitable products. Apple enjoys a near duopoly with Google in the Apps market. The Apple store is a major revenue driver for Apple.

    This is evident in its recent tussle with Fortnite over the commissions that the company charges. Despite the high commissions it charges, the company has the market power to dictate terms as was seen in its ability to kick out Fortnite, a major gaming company from its platform.

    Looking into the future, Apple stands to benefit from the upcoming 5G networks. 5G will unlock a new wave of applications for the iPhone, creating a new growth cycle for the company. This makes AAPL a viable stock to hold long-term.

    Tesla has its strengths but its biggest risk is competition. As the large carmakers such as Toyota and Volkswagen enter the electric car space more aggressively, Tesla’s growth curve could flatten. Nonetheless, the company is investing heavily in R&D and will remain a major player in the electric car market going forward.