Tesla on Wednesday posted a profit for four straight quarters now to considered in the stock index of the largest U.S. companies and be considered to be an addition on the S&P 500 index.
The facts are in:
Earnings: $2.18 (ex-items) vs. 3 cents per share, expected.
Revenue: $6.04 billion vs. $5.37 billion, expected.
Net income: $104 million (GAAP)
Tesla reinitiated its guidance for half a million vehicle deliveries this year.
NASDAQ: TSLA Elon Musk’s SpaceX in talks to raise funds at $44 billion valuation Bloomberg News reported on Thursday.
Tesla Inc. (TSLA) Nasdaq Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003.
As lead designer at SpaceX, Elon oversees the development of rockets and spacecraft for missions to Earth orbit and ultimately to other planets. In 2008, the SpaceX Falcon 1 was the first privately developed liquid fuel rocket to reach orbit, and SpaceX made further history in 2017 by re-flying both a Falcon 9 rocket and Dragon spacecraft for the first time.Source:Tesla
Elon is also CEO of Neuralink, which is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers. He also launched The Boring Company, which combines fast, affordable tunneling technology with an all-electric public transportation system in order to alleviate soul-crushing urban congestion and enable high-speed, long-distance travel. The Boring Company built a 1.15-mile R&D tunnel in Hawthorne, and is currently constructing Vegas Loop, a public transportation system at the Las Vegas Convention Center. Previously, Elon co-founded and sold PayPal, the world’s leading Internet payment system, and Zip2, one of the first internet maps and directions services.Source:Tesla
Institutional Ownership stands at 54.8%
20.51% % of Shares Held by All Insider
57.93% % of Shares Held by Institutions
72.87% % of Float Held by Institutions
1,319 Number of Institutions Holding Share
Top Institutional Holders
Holder Shares Date Reported % Out Value
Baillie Gifford and Company 12,076,416 Mar 30, 2020 6.51% 6,328,041,984
Capital World Investors 10,714,131 Mar 30, 2020 5.78% 5,614,204,644
Vanguard Group, Inc. (The) 8,662,781 Mar 30, 2020 4.67% 4,539,297,244
Blackrock Inc. 7,213,587 Mar 30, 2020 3.89% 3,779,919,588
FMR, LLC 4,615,556 Mar 30, 2020 2.49% 2,418,551,344
Jennison Associates LLC 4,320,630 Mar 30, 2020 2.33% 2,264,010,120
State Street Corporation 3,095,851 Mar 30, 2020 1.67% 1,622,225,924
JP Morgan Chase & Company 2,816,285 Mar 30, 2020 1.52% 1,475,733,340
Goldman Sachs Group, Inc. 2,702,701 Mar 30, 2020 1.46% 1,416,215,324
BAMCO Inc. 1,615,174 Mar 30, 2020 0.87% 846,351,176
CWEB Analysts see (TSLA) Nasdaq as a potential for long term growth and a great addition to one’s portfolio and upward of $2000 by 20121.