Tesla (NASDAQ:TSLA) Shorts Nervously Await 1:30 Announcement

Jeff Siegel

Written By Jeff Siegel

Posted May 30, 2013

Here’s what’s going down today in energy markets. . .

  • Tesla (NASDAQ:TSLA) will be holding a conference call today at 1:30 to make an announcement regarding its supercharger network. As of now, plans are to expand the network across the nation, allowing Tesla owners the opportunity to drive from New York to Los Angeles without using a single drop of gas. The superchargers themselves can charge a vehicle’s battery in about 30 minutes. Tesla has been crushing it over the past month or so, and I believe the company has a very bright future ahead. Although I’d be a bit hesitant about chasing the stock right now. You can read our most recent analysis on Tesla here.

  • Chevron (NYSE:CVX) execs are likely hot and bothered today after Lithuania lawmakers amended laws to require environmental impact studies of shale gas exploration activities, set new rules for waste storage and limit the usage of radioactive or toxic materials. A few months back Chevron offered the only bid for shale gas rights in that country.

  • Chinese solar player Yingli (NYSE:YGE) reported a $0.21 miss, but beat on revenues. Reaffirmed FY13 shipment guidance. Stock is up slightly in pre-market.

  • Hanwha Solarone (NASDAQ:HSOL) also announced Q1, which showed a significant pullback on losses. Stock is up 16% in pre-market. A nice morning pop, but I’m uncertain as to how long that’ll hold.

For more on these stocks, as well as energy market intelligence and analysis, click here.

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