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Tesla Stock Is Up Despite a Bad Review. Thank China.

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A Tesla Model S Plaid.


Courtesy Tesla

Stock in the electric-vehicle pioneer

Tesla

is rising despite a terrible review for the company’s new Model S Plaid edition. The company’s Chinese production numbers in August appear to matter more than criticism of Tesla’s $130,000 muscle car.

Tesla (ticker: TSLA) stock was up about 0.7% in premarket trading, while futures on the

S&P 500

and

Dow Jones Industrial Average

futures were both down a little. The move in Tesla stock is small, for now, because the good news and the bad news offset each other. Neither issue seems important enough to change the minds of Tesla investors.

First, the bad news. Automotive data provider Edmunds reviewed Tesla’s Model S Plaid edition, which is billed as the fastest car ever produced in volume on an assembly line. In optimal conditions, it can accelerate from zero to 60 miles an hour

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Jerome Guillen, ex-Tesla exec, stock sales after June 3 departure

US electric car maker Tesla Vice President Jerome Guillen poses at the Paris Auto Show on the last press day on October 3, 2014. The Paris Auto show opens to the public on Saturday.

Eric Piermont | AFP | Getty Images

Former Tesla executive Jerome Guillen sold more than $270 million worth of shares by exercising stock options after his departure on June 3, according to recent filings with the Securities and Exchange Commission.

Guillen became president of automotive in the third quarter of 2018, overseeing all of Tesla’s automotive business. During his tenure, the company opened its first plant overseas in Shanghai, expanded its battery cell supply partnerships and started mass-producing the Model Y.

But Tesla also struggled with quality issues, recalls and parts shortages under Guillen that significantly constrained production — the company produced zero Model S and X vehicles in the first quarter of the year before

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Apple Stock Could Recharge If Mysterious Apple Car Lives Up To Rumors

Apple stock has thrived for decades as the company thrilled consumers with well-timed innovations in computing, music and phones. Now investors, hungry for a new breakthrough from the Silicon Valley icon, are cheering for what could be the company’s biggest quantum leap ever: an electric Apple car.




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Rumors that Apple (AAPL) plans to branch out into automaking have circulated for years and gained momentum recently. The speculation is sparking the imagination of both investors and consumers, who wonder if the Apple car will be something revolutionary or just a me-too electric vehicle to compete with the likes of Tesla (TSLA).

Will Apple break new ground like it did with the first iPhone, which paved the way for touch-screen mobile devices? And will it rock the auto industry the way its iPod and iTunes almost single-handedly saved record companies from extinction? An intriguing question is

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Xpeng Stock Reverses After Unveiling First Electric Vehicle Of Its Kind

Xpeng (XPEV) unveiled its P5 electric car, touting it as the world’s first mass-produced EV equipped with lidar sensors. Xpeng stock turned lower.




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The P5 marks the Chinese EV startup’s third production vehicle and second electric sedan. It is “the world’s first production smart EV equipped with automotive-grade LIDAR technology,” Xpeng said in a release.

Some Wall Street analysts regard the emerging Tesla (TSLA) rival as an early leader in autonomous driving.

“Each new Xpeng model aims for a new high in technology, and the P5 is our most advanced and technically ambitious model yet,” said CEO He Xiaopeng.

Lidar technology uses pulsed laser light bouncing off objects to gauge their position, shape and distance. Lidar is expected to become a core self-driving technology, helping driverless vehicles “see” both static and moving objects on the roads, even in challenging weather and lighting conditions.

The

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