NEWS BITES - NORTH AMERICA
Tesla, Inc. (NASDAQ:TSLA), the NASDAQ's largest Auto company by market cap, has lifted $US7.04 (2.3%) from its last trading session of February 08 to close at $US312.84. This makes Tesla's stock the third highest performer in the NASDAQ-100 Index of 103 stocks which is down 0.06% in a day. This also indicates a relative price increase of 2.4%. The volume was 0.7 times the average daily trading volume of 10.3 million shares. Its MCap is $US53.4 billion.
Tesla (NASDAQ:TSLA) institutional shareholder Blackrock Inc. (CIK:0001364742) bought 27,587 shares in the quarter ended December 31, 2018 worth $US9.2 million at an estimated Volume Weighted Average Price (VWAP) of USD317.24. At the end of the quarter Blackrock Inc. held 6,350,027 shares worth $US2 billion, representing 3.70% of the issued capital of Tesla.
Tesla (NASDAQ:TSLA) institutional shareholder New York State Common Retirement Fund (CIK:0000810265) sold 134,444 shares in the quarter ended December 31, 2018 worth $US44.7 million at an estimated Volume Weighted Average Price (VWAP) of USD317.24. At the end of the quarter New York State Common Retirement Fund held 366,818 shares worth $US116.4 million.
Highlights in today's Report:
SECTION 1 BULLISH SIGNALS incl. Short Selling and Open Interest
SECTION 2 BEARISH SIGNALS
SECTION 3 PRICE VOLUME DYNAMICS
SECTION 4 RELATED NEWS
SECTION 5 REPORTED BUYING AND SELLING
SECTION 6 SUMMARY FINANCIALS
SECTION 7 PROFILE
SECTION 1 TESLA BULLISH SIGNALS
1.1 Short Selling and Open Interest:
+ The current short volume is 0.8 times its own historical average of 1.7%.
+ Open interest hit a ten-day high.
+ Open Interest Trend
Same day trend: The price lifted 2.3% from $US305.80 to $US312.84; Open interest has jumped 7.6% from 142,439 to 153,205. A price rise combined with an increase in open interest suggests there is new money coming into the market from existing or new buyers. This is a bullish signal.
|Duration||Open Interest change %||Price change %||Interpretation|
+ % Change in Put Call Ratio
|Put Call Ratio||1 Day||1 Week||Interpretation|
+ Put Call Contracts
Put/Call ratio has declined from 1.361 to 0.688 suggesting an uptrend.
|Put Contracts||Call Contracts||Put/Call ratio|
+ Top three traded call options [1 contract is 100 shares]
|Exercise Price||Exercise Date||Option Price||Change %||Contracts Traded|
|$US300.0||February 15, 2019||$US18.06||110.2||250|
|$US297.50||February 15, 2019||$US21.0||140.0||216|
|$US290.0||February 15, 2019||$US27.0||92.2||29|
+ The present value of USD1,000 (PV1000) invested five years ago in Tesla is $US1,686, for a capital gain of $US686.
+ 5 years Multiplier in USD = 1.686x
+ Compound Annual Growth Rate (CAGR) in USD = 11.0%
High Performance Indicators and rank of Tesla in the NASDAQ market:
|Description||TSLA Value||Rank In Market|
|Today's Trading Turnover||$US2.2 billion||In Top 1%|
|Price Change %||2.3||In Top Quartile|
+ Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.9. Compared with the rest of the market the stock is undervalued.
Quarterly Trend in Revenue and Net Profit Margin:
+ Net Profit margin has shown signs of recovery in recent quarters. [All figures in %]
|Qtr-ended||Revenue Growth||Net Profit Margin|
|Sep 18 [Q3]||70.5||3.7|
|Jun 18 [Q2]||17.4||-18.6|
|Mar 18 [Q1]||-0.7||-23|
|Dec 17 [Q4]||15||-23.4|
SECTION 2 TESLA BEARISH SIGNALS
Low Performance Indicators and rank of Tesla in the NASDAQ market:
|Description||TSLA Value||Rank In Market|
|% Prem to Vol Wtd Price||0.4||In Bottom Quartile|
|Price/MAP50||0.95||In Bottom Quartile|
|Price to Sales||4.5||In Bottom Quartile|
Overvaluation [compared with sector average]:
+ Price/Sales of 4.5 [1.9].
+ Price to Book of 14 [6.2].
SECTION 3 TESLA PRICE VOLUME DYNAMICS
+ Tesla is at a discount of 19.3% to its 12-month high of $US387.46 on August 07, 2018. It is also at a premium of 27.9% to the 12-month low of $US244.59 on April 02, 2018.
+ The present value of $US1,000 (PV1000) invested one year ago in Tesla is $US1,008, for a capital gain of $US8.
3.2 Aggregate Volumes and Prices:
[Volume Index or VI in brackets; 1 is average]
+ Nasdaq: TSLA.NASDAQ 7,110,000 [VI of 0.7] volume 99.86% of aggregate. Price: $US312.84.
+ Xetra: TL0.ETR 10,250 [VI of 0.8] volume 0.14% of aggregate. Price: EUR278.82. Using the current exchange rate of EUR1 equals 1.1324USD, The shares are at a 0.9% premium to the close price on Nasdaq.
+ Aggregate volume: there were 7.1 million shares of Tesla worth $US2.2 billion traded today. The aggregate volume was 0.7 times average trading of 10.2 million shares.
3.3 Moving Annual Return (Past 5 years)
Based on a dynamic start date of 5 years ago, the real rate of return has averaged 16.3%. The Moving Annual Return has been positive in 4 of the last 5 years. An investment a year ago in TSLA would have produced a return of 0.8%.
|TSLA||Close (USD)||Annual Return %|
|1 Yr ago||310.42||18.4|
|2 Yrs ago||262.08||77.1|
|3 Yrs ago||147.99||(31.8)|
|4 Yrs ago||217.05||16.9|
Close 5 years ago $US185.60
3.4 Beta & Alpha:
+ Beta: the Beta of Tesla stock is 0.5. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.
+ Alpha: the Alpha of the stock is -7.1. The actual return of -2.99% fell short of the expected return of 4.1%, reflecting underperformance.
3.5 The Past Three Years
+ Tesla, Inc. (NASDAQ:TSLA), extended its rise from 78.9% three years ago to 15.3% two years ago to 0.8% a year ago. In the past three years it has risen $US162.37 (107.9%), compared with the NASDAQ-100 Index which rose 2,947.0 points (74.4%) in the three years for a relative price increase of 33.5%.
SECTION 4 TESLA RELATED NEWS
4.1 Stock Buzz: Past Week
|Feb 08||Tesla Disputes Study That Icy Weather Leads To 41% Drop In EVs Range||BayStreet|
|Feb 08||Tesla's delivery team gutted in recent job cuts: sources||Investing.com|
|Feb 08||Tesla, Inc. (NASDAQ:TSLA) cuts the price of the Model 3||Live Trading News|
|Feb 08||Tilson Fans Get Angry Over Whitney s Negative Tesla Articles Send Him Dickish (Not Jeff Bezos Style) Emails||ValueWalk|
|Feb 08||Tesla Buys Battery Maker for 50% Markup This One Could Be Next||Wealth Daily|
|Feb 08||Tesla Moves Closer to Its Promised $35,000 Model 3||Yahoo Finance|
|Feb 08||Impact Of Tesla's Maxwell Technologies Acquisition Uncertain On Existing Maxwell Fleet Business||benzinga.com|
|Feb 08||Tesla Inc (TSLA) Position Lifted by Grimes & Company Inc.||dispatchtribunal.com|
|Feb 08||Tesla Cuts Model 3 Prices Once Again As US Government Phases Out Tax Credits||independent.ng|
|Feb 08||Maxwell Technologies Announces Definitive Merger Agreement with Tesla, Inc.||news.theregistrysf.com|
|Feb 08||Tesla s (TSLA) Equal Weight Rating Reiterated at Morgan Stanley||theenterpriseleader.com|
|Feb 08||Tesla Inc (TSLA) Director Linda Johnson Rice Sells 1,700 Shares||themarketsdaily.com|
|Feb 05||Tesla Buying Maxwell, Could Signal Move To Solid State Battery||Inside EVs|
|Feb 05||Maxwell Technologies Announces Definitive Merger Agreement with Tesla||Investing News Network|
|Feb 05||Mid-Afternoon Market Update: Dow Rises 100 Points; Maxwell Technologies Shares Jump Following Tesla Deal||Nasdaq|
To view the past 45 days' Stock BUZZ on Tesla(TSLA), click here
4.2 Analyst Recommendations: Past Week
|Date||Brokerage||Action||Past Rating||Current Rating||Prev Target||Price Target|
|Feb 06, 2019||Royal Bank of Canada||Set Price Target||-||Sell||-||245|
|Feb 05, 2019||Morgan Stanley||Reiterates||Equal||Equal Weight||291||283|
|Feb 04, 2019||DZ Bank||Reiterates||-||Sell||-||-|
4.3 Other News
+ BSS/News Bites:
Tesla, Inc. is placed 928/2167 in BSS News Bites' ranking of NASDAQ performers in the past year, a percentile ranking of 57.
+ Vanguard Total World Stock ETF 7582:
The stock was one of 7582 global stocks selected by Vanguard Total World Stock ETF (VT) who bought 1,532 shares in the period Nov 30, 2018 to Dec 31, 2018 worth $US526,787 at an estimated Volume Weighted Average Price (VWAP) of $US343.8556. As at Dec 31, 2018, the Vanguard Total World Stock ETF held 47,233 shares worth $US16,241,332 or 0.1% by value of the ETF's portfolio [Ranked 168 out of 7582 by value and 31 out of 672 for NASDAQ].
SECTION 5 TESLA REPORTED BUYING AND SELLING
5.1 Institutional Buying and Selling Quarter Ended September 30
Total reported Institutional buying = 10,796,521 shares
Total reported Institutional selling = 9,522,531 shares
Net reported institutional buying = 1,273,990 shares
5.2 Reported Holdings of Institutions as at Sep 30, 2018
Total = 100,920,056 shares
Market Value = $US26.7 billion
SECTION 6 TESLA SUMMARY FINANCIALS
|Year ended||Dec 2017||Dec 2016||Dec 2015|
|Sales (USD B)||11.9||7.1||4|
+ Net Loss deteriorated from -US$674.9 million in 2016 to -US$2 billion in 2017.
+ Earnings Per Share (EPS) deteriorated from -$US4.68 to -$US11.83.
SECTION 7 TESLA PROFILE
Tesla Motors, Incorporated designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components.
7.2 Issued Capital
Based on 170,593,000 issued shares the market capitalisation is $US53.4 billion.
Contact: +1 650 681-5000
Physical Address: 3500 Deer Creek Road, Palo Alto, CA,94304
State/Province/Country: CA, United States
Country of Incorporation: United States
Industry [NAICS]: 336211
Economic Sector: Utilities
Business Sector: Utilities
Tesla Motors Inc, Tesla Motors, Inc