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What Are EV Regulatory Credits And Why Is Tesla Selling So Many Of Them?
Friday, July 24, 2020 - 7:31am | 719Tesla Inc (NASDAQ: TSLA) reported its fourth consecutive profitable quarter on Wednesday after the company generated 50 cents in GAAP EPS in the second quarter. Despite an earnings and revenue beat, Tesla shares fell 5% on Thursday, and regulatory credits may be to blame. Tesla reported $6.04...
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Tesla's Valuation Still 'Appears Overcharged' Following Q2 Earnings
Thursday, July 23, 2020 - 12:45pm | 854Tesla Inc (NASDAQ: TSLA) reported a second-quarter earnings beat on Wednesday afternoon. Adjusted EPS of $2.18 on revenue of $6.04 billion both exceeded consensus analyst estimates of 3 cents and $5.37 billion, respectively. Perhaps more importantly, Tesla’s GAAP EPS of 50 cents...
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Tesla Q2 Earnings Preview: A Focus On Profitability, China, S&P 500 Inclusion
Wednesday, July 22, 2020 - 6:51am | 595Electric vehicle pioneer Tesla Inc (NASDAQ: TSLA) is on deck to report second-quarter results after the market close Wednesday. With the stock soaring to record highs this summer, all eyes are on whether the company's quarterly print will send the stratospheric stock higher...
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Tesla Analyst Sees 'Major Home Run' In Q2 Deliveries Despite Year-Over-Year Declines
Thursday, July 2, 2020 - 1:32pm | 680Tesla Inc (NASDAQ: TSLA) failed to sustain its 2019 performance level despite new contributions from its Shanghai factory and Model Y. The automaker’s second-quarter deliveries fell 4.8% year over year to about 90,650 units. Notably, the Street expected just 68,380. “In our opinion...
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Analyst Explains Why He's Bearish On Tilray And Aurora Cannabis, Recommends MSOs
Monday, June 29, 2020 - 9:04pm | 679GLJ Research founder Gordon Johnson joined Benzinga’s PreMarket Prep show on June 23. During the discussion, Johnson weighed in on Canadian cannabis stocks, which have made a major comeback since the market bottom in March. Johnson said the best data on the Canadian cannabis market is from...
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Gordon Johnson Says SolarEdge 'One Of The Better Shorts In The Market'
Thursday, June 25, 2020 - 12:09pm | 1146Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
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Tesla Analyst Gordon Johnson: 'I Couldn't Be More Bearish'
Tuesday, June 23, 2020 - 3:19pm | 936GLJ Research founder Gordon Johnson joined Benzinga’s PreMarket Prep show Tuesday. Among the topics Johnson discussed: electric vehicle leader Tesla Inc (NASDAQ: TSLA) and the recent EV truck IPO Nikola Corporation (NASDAQ: NKLA). Tesla’s Q2: Johnson said Tesla...
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Tesla Bear Gordon Johnson Says Production Cutback Imminent At Giga Shanghai
Friday, June 12, 2020 - 3:06pm | 427Close on heels of two sell-side downgrades, another analyst is offering a bleak outlook for high-flier Tesla Inc (NASDAQ: TSLA). The Tesla Analyst: GLJ Research's Gordon Johnson maintains a negative bias on Tesla shares and has a year-end price target of $87. The Tesla Thesis: Tesla...
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Tesla's China, Europe Performance Suggests Quarter Will Be One Of Automaker's Weakest, Says Gordon Johnson
Wednesday, June 3, 2020 - 10:41am | 622Tesla Inc (NASDAQ: TSLA) shares appear to be on track to hit the psychological level of $1,000 — but GLJ Research analyst Gordon Johnson sees trouble ahead. Even as the sell-side drums up Tesla's ability to replicate its success in the U.S. EV market in...
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Musk Threatens To Move Tesla Out Of California Over COVID-19 Lockdown Restrictions
Saturday, May 9, 2020 - 1:46pm | 602Benzinga’s Take Tesla Inc (NASDAQ: TSLA) investors are likely most concerned with the potential costs of moving Tesla’s operations out of the state of California and whether or not Musk’s threats will expedite the reopening of the Fremont plant. Gordon Johnson of GLJ Research...
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Tesla Analysts Break Down Free Cash Flow, Fremont Shutdown, 2020 Expectations After Q1 Print
Thursday, April 30, 2020 - 12:57pm | 1153Despite the chaos in the world around Tesla Inc (NASDAQ: TSLA), the automaker reported a strong first quarter Wednesday, with sales of $5.985 billion exceeding a $5.9-billion Street forecast and a bottom line of $1.24 far surpassing expectations of a 36-cent loss. The performance was driven in part...
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Gordon Johnson Lowers Tilray Price Target To Zero, Says Cannabis Company's Guidance 'Aspirational'
Thursday, March 5, 2020 - 4:53pm | 454GLJ Research is zeroing out its Tilray Inc (NASDAQ: TLRY) price target in the wake of the cannabis company's fourth-quarter report Monday The Tilray Analyst Gordon Johnson II maintained a Sell rating and lowered the price target for Tilray from $5 to $0, suggesting the...
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Gordon Johnson Maintains Bearish Tesla Thesis Despite Rally: PreMarket Prep Recap For Feb. 27, 2020
Thursday, February 27, 2020 - 1:17pm | 976The massive rally in shares of Tesla Motors (NASDAQ: TSLA) from $250 to as high as $968 over the last several months has not changed one bearish analyst’s mind on the stock. Gordon Johnson, founder of GLJ Research, maintained his long-held bearish view on Thursday’s PreMarket Prep,...
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Why Gordon Johnson Says SunPower Is A 'Perpetually Loss-Making' Company
Tuesday, February 18, 2020 - 3:56pm | 486Solar solutions and services provider SunPower Corporation (NASDAQ: SPWR) reported fourth-quarter results last week that include "accounting shenanigans" made to "distort" its business unit cash flows, according to GLJ Research. The Sunpower Analyst Gordon Johnson II...
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Aurora Cannabis Analyst Questions Whether Company Has Enough Cash To Last Through 2020
Tuesday, February 11, 2020 - 11:36am | 430Aurora Cannabis Inc. (NYSE: ACB) has tapped its at-the-market stock issuance program for a total of $245 million, reaching for $120.6 million since December, according to GLJ Research. The Aurora Analyst Gordon Johnson II maintained a Sell rating on Aurora with a zero price target. Aurora 'Has...