The Carnarvon Energy Ltd (ASX: CVN) share price has returned from its trading halt with a bang.

In morning trade, the energy producer’s shares were up as much as 36% to a 52-week high of 43.5 cents.

The Carnarvon Energy share price has since pulled back but remains up 16% to 37 cents at the time of writing.

Why is the Carnarvon Energy share price shooting higher?

Investors have been bidding the Carnarvon Energy share price higher today following the release of drilling results from the Pavo-1 well.

The Pavo-1 well is covered by the WA-438-P exploration permit, which Carnarvon Energy has a 30% interest in, with Santos Ltd (ASX: STO) owning the balance.

According to the release, drilling activities confirm that the Pavo-1 well has made a material oil discovery. Light oil has been recovered from excellent reservoirs and the highly porous and permeable sands contain a net pay thickness of 46 metres from within a gross hydrocarbon package of 60 metres.

These results are expected to add significant value to the Dorado development plan.

Carnarvon’s Managing Director and CEO, Adrian Cook, commented: “Today we announce another important oil discovery in the Bedout Basin, with high quality oil having now been recovered to surface from excellent quality reservoirs. This discovery is material because Pavo lies only 46 kilometres from the proposed Dorado production facilities and is expected to be an ideal resource to tie back to Dorado.”

What’s next?

Mr Cook notes that it will soon be time to decide on the future of the Dorado operation.

He said: “Subject to the joint venture making a final investment decision (FID) this year, the Dorado production infrastructure is planned to be in-place by the end of 2025 and will have the capacity to tie-in other fields like Pavo with no material increase in operational costs.”

“Pavo proves the extension of a working petroleum system some 46 kilometres east of Dorado. The well demonstrates that quality reservoir and trapping mechanisms are effective in this area, which hosts a suite of other exploration targets. These will now warrant further assessment for drilling.”

“We have a number of additional drilling activities to undertake in the Pavo-1 well before moving the drilling rig to the Apus-1 well location. Overall, we are extremely pleased with the Pavo-1 result and are looking forward to it adding significant value within what is now expected to be an expanded Dorado production hub,” he concluded.

The post Carnarvon (ASX:CVN) share price explodes 36% higher on ‘material’ oil find appeared first on The Motley Fool Australia.

More reading

• Here’s why the Carnarvon (ASX:CVN) share price is halted today
• Here’s why the Carnarvon (ASX:CVN) share price is popping 8% today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Plenti Group Ltd (ASX: PLT) share price is surging higher today.

Plenti closed yesterday at 91 cents and leapt 16.9% higher to $1.06 at open.

Shares are currently trading for $1.00, up 10.5%, in morning trade.

So why are ASX investors bidding up the Plenti share price today?

Profit forecast upgraded

Investor interest looks to have been piqued this morning after the ASX fintech lender upgraded its profit forecast.

The Plenti share price is charging higher on the report that the company expects to be Cash NPAT profitable for the full year to 31 March 2022. That’s the date when Plenti marks its full 2022 financial year (FY22).

The company’s previous Cash NPAT forecast for FY22 had been to reach at least $1.0 million in the 6-month period ending 31 March (2H22). It’s now boosted that forecast, with expectations to deliver at least $2.2 million in 2H22.

The fintech lender also said it had reached its $1.25 billion loan book growth target for FY22, with the current loan portfolio standing at roughly $1.28 billion.

Commenting on the upgraded financial numbers, Plenti CEO Daniel Foggo said:

We are pleased to be upgrading the forecast for our key profitability metric, as we believe profitability is the critical yardstick against which any business should be measured. Our proprietary technology platform is delivering operating leverage as we scale while continuing to provide exceptional customer experiences, helping us take market share.

Foggo’s bullish outlook for the year ahead could also be helping boost the Plenti share price today.

“Having moved to a positive Cash NPAT position, combined with the attractive corporate debt facility announced last week, Plenti is well-placed to continue its growth into the next financial year,” he said.

Plenti share price snapshot

With today’s intraday gains factored in, the Plenti share price has erased its 1-year losses and is trading right where it was 12 months ago. For some context, the All Ordinaries Index (ASX: XAO) has gained 9.6% over that time.

The post The Plenti (ASX:PLT) share price is surging 11% today. Here’s why appeared first on The Motley Fool Australia.

More reading

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• Here’s why the Anteotech (ASX:ADO) share price is leaping 6% today
• Why this expert says the Ethereum price will triple in 2022
• Santos (ASX:STO) share price lower despite ‘significant oil discovery’

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened?

Shares of Alibaba (NYSE: BABA) were moving higher on Tuesday after the Chinese tech giant announced an increase in its share buyback program, signalling that management sees the stock as undervalued.

As of 12:22pm ET, the stock was up 10.7%.

So what?

On Tuesday morning, management revealed that the board had voted to boost the size of its share repurchase authorization from $15 billion to $25 billion, equivalent to about 8% of the stock’s market cap after the morning’s gains. The company did not explain the move, but called it a sign of confidence about its continued growth.

Alibaba shares surged last week after China’s Vice Premier Liu He said that the government would act to support stability in the economy and financial markets, and that its ongoing crackdown on tech companies should be over soon. That announcement followed more than a year of tightening regulations on that country’s tech companies. Alibaba was particularly targeted. The government in Beijing blocked the planned spinoff and IPO of Ant Group, its financial arm; levied a $2.8 billion anti-monopoly fine against it; and forced it to divest itself of several of its media assets. Those actions and similar ones involving other companies have rattled investor confidence in China. Alibaba stock fell by as much as 75%, and its peers experienced sharp declines as well.

Now what?

Following last week’s announcement, Chinese officials have continued to send conciliatory signals to the market. Beijing now seems to believe its prior policies have gone too far, given that China’s GDP growth slowed to just 4% in the fourth quarter, and Chinese stocks have lost more than $2 trillion in market cap.

Alibaba’s share buyback announcement won’t make a huge difference, but it’s the latest sign that the tech giant is on the rebound after a forgettable year for investors.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Alibaba stock was soaring today appeared first on The Motley Fool Australia.

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Jeremy Bowman owns Alibaba Group Holding Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Myer Holdings Ltd (ASX: MYR) share price is heading south during late Wednesday morning trade.

At the time of writing, the Australian department store group’s shares are down 0.98% to 50.5 cents.

Why are Myer shares falling today? 

Following the company’s half year results released on 10 March, investors are eyeing Myer shares as they go ex-dividend today.

Yesterday, Myer shares rose by 0.99% as investors contested to lock in the company’s upcoming dividend.

The ex-dividend date, is when investors must have purchased shares to be eligible for the dividend. For example, if the investor did not buy Myer shares before this date, the dividend will go to the seller.

What does this mean for Myer shareholders?

For those eligible for Myer’s interim dividend, shareholders will receive a payment of 1.5 cents per share on 12 May. The dividend is fully-franked, which means investors can expect to receive tax credits from this.

It is worth noting that this is the first dividend that has been declared since the final FY17 dividend. The board reinstated the dividend based on the company’s strong financial performance achieved in H1 FY22.

Also, in case you were wondering, there is no dividend reinvestment plan (DRP) being offered at this stage.

Myer share price summary

Since the beginning of 2022, Myer shares have gained 11% on the back of positive investor sentiment. On the other hand, the All Ordinaries (ASX: XAO) is down around 1.6% over the same timeframe.

Myer shares reached a 52-week high of 63.5 cents in September, before travelling on a downhill trend until earlier this month.

Based on today’s price, Myer has a price-to-earnings (P/E) ratio of 11.63 and commands a market capitalisation of $410.64 million.

The post Why is the Myer (ASX:MYR) share price slipping today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The AnteoTech Ltd (ASX: ADO) share price is in the green today following some news from the company.

AnteoTech shares are currently swapping hands at 10 cents, a 3.09% gain, after hitting 10.5 cents in early trading. In comparison, the S&P/ASX 200 Index (ASX: XJO) is up 0.49% at the time of writing.

So what did Anteotech announce today?

CEO resigns

AnteoTech CEO Derek Thomson has resigned from the company. AnteoTech, based in Brisbane, developed a COVID-19 rapid antigen test (RAT) and EuGeni Reader diagnostic platform.

Thomson will serve out his six month notice period. During this time, Thomson will work with executive director Christopher Parker and the management team to continue advancing the commercial activities of the company.

Anteotech said the board is grateful for Thomson’s contribution since joining the team in July 2019 and has led the company through “a period of considerable growth and development”.

Commenting on the resignation, AnteoTech chair Dr Jack Hamilton said:

On behalf of the board, we wish Derek well in his future endeavours. Since he joined AnteoTech in mid 2019, the company has experienced considerable growth and its operations have diversified considerably, thanks to the work he and the senior leadership team have undertaken.

Speaking on the succession plans, Hamilton added:

The Board is committed to ensuring it secures a suitably experienced CEO candidate that can successfully drive commercialisation of our technology and capitalise on the progress made to date.

We will keep shareholders informed of progress here and with all material operational development.

Parker was recently re-appointed executive director of the company. He will take an active role supporting Thomson to ensure “critical streams” of the Life Sciences and Energy division remain on track. He previously served as CEO of the company between April 2018 and May 2019. The board has agreed to pay Parker up to $21,000 per month for this transition work.

AnteoTech is still awaiting Therapeutic Goods Administration approval for its COVID-19 rapid antigen test. The TGA has requested more data from the company to align with World Health Organisation and European Medical Device Coordination Group requirements.

Share price snapshot

The AnteoTech share price has dropped 59% in the past year. Further, it’s fallen around 67% year to date and is down 47% in the past month alone.

In contrast, the broader ASX 200 Index has returned about 9% over the past 52 weeks.

AnteoTech has a market capitalisation of around $199 million based on its current share price.

The post Here’s why the Anteotech (ASX:ADO) share price is leaping 6% today appeared first on The Motley Fool Australia.

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• Why is the Myer (ASX:MYR) share price slipping today?
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• Santos (ASX:STO) share price lower despite ‘significant oil discovery’
• Broker gives its verdict on the Bubs (ASX:BUB) share price
• Why the Fisher & Paykel Healthcare (ASX:FPH) share price is sinking 6% today

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Ethereum (CRYPTO: ETH) price is up 2.9% over the past 24 hours, currently trading for US$2,998 (AU$4,022).

That puts the world’s number two token by market cap up 14.3% over the past week.

While it still has a goodly way to go before overtaking its 16 November all-time high of US$4,892, that may happen sooner than you think.

Indeed, according to Kain Warwick, founder of derivatives trading system Synthetix, the Ethereum price not only will surpass its previous high-water mark in 2022, it will go far higher.

The case for the Ethereum price rocketing higher

Warwick was speaking at the Blockchain Australia event this week.

And as the Australian Financial Review reported, he forecasts the Ethereum price will more than triple in 2022, reaching US$10,000.

Warwick’s bullish forecast is largely based on the major upgrade underway with the Ethereum blockchain. This will see the crypto shift from proof-of-work (PoW) to proof-of-stake (PoS).

Once complete, the upgrade will eliminate the use of so-called crypto miners in the Ethereum blockchain. Miners are at the root of PoW consensus protocols, used by the likes of Bitcoin (CRYPTO: BTC), and the energy and financial costs of running the PoW protocols have been soaring.

Moving to PoS is forecast to make Ethereum transactions faster, cheaper, and far more energy efficient.

Gas fees set to plummet

The transaction fees collected by Ethereum miners, called gas fees, reached record highs last year. While fees have since fallen considerably, they’re still high enough to discourage widespread mainstream adoption.

But that’s expected to change with the scaled-up blockchain network operating under a PoS protocol. Which could put a rocket under the Ethereum price.

According to Warwick (quoted in the AFR):

New people wanting to swap dollars for Ethereum and build on top were finding the fees completely prohibitive. But there has been so much work done on scaling the Ethereum blockchain that there is a really credible case for new entrants where it is viable for them to transact.

The post Why this expert says the Ethereum price will triple in 2022 appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bitcoin and Ethereum. The Motley Fool Australia owns and has recommended Bitcoin and Ethereum. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Santos Ltd (ASX: STO) share price is trading lower on Wednesday.

In morning trade, the energy producer’s shares are down 0.5% to $7.76.

Why is the Santos share price falling?

The Santos share price is falling today after oil price weakness offset the release of a positive announcement relating to its Pavo-1 exploration well.

According to the release, drilling activities at the Pavo-1 exploration well have confirmed a significant oil discovery 46 kilometres east of the Dorado field in the Bedout Sub-basin, offshore Western Australia.

The release highlights that the well was drilled on the northern culmination of the greater Pavo structure and encountered a 60-metre gross hydrocarbon column in the primary Caley member reservoir target.

Management notes that the result at Pavo-1 significantly de-risks the hydrocarbon bearing potential of the separate southern culmination of the greater Pavo structure. The southern culmination has an additional best estimate P50 prospective resource of 40 mmbbl gross, of which Santos has a 70% interest. The remaining 30% interest belongs to Carnarvon Energy Ltd (ASX: CVN).

Management commentary

Santos’ Managing Director and Chief Executive Officer, Kevin Gallagher, was pleased with the discovery and believes it could add material value to the Dorado project.

He commented: “The Pavo-1 success is expected to support a potential low-cost tie-back to the first phase of the proposed Dorado development, with Pavo north having an estimated breakeven cost of less than US$10 per barrel, and future gas production from the Bedout basin providing a source of supply into our existing domestic gas infrastructure in Western Australia.”

“With the global oil and gas markets seeing increased volatility, low-CO2 oil and gas resources at Dorado and Pavo add significantly to Australia’s national energy security. It is also very encouraging for the next exploration well in the current campaign, Apus-1, which offers another potential nearby low-cost tie-in opportunity to the Dorado development. The Pavo-1 well result also proves the petroleum system in the basin is effective over a greater area, de-risking a number of nearby low-cost opportunities,” Mr Gallagher added.

The post Santos (ASX:STO) share price lower despite ‘significant oil discovery’ appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Bubs Australia Ltd (ASX: BUB) share price is pushing higher on Wednesday morning.

At the time of writing, the infant formula company’s shares are up 2.5% to 44 cents.

Why is the Bubs share price rising today?

The catalyst for the rise in the Bubs share price on Wednesday appears to have been a broker note out of Bell Potter this morning in response to yesterday’s announcement.

In case you missed it, Bubs’ announced that it would be going head to head with A2 Milk Company Ltd (ASX: A2M) with the launch of Bubs Supreme infant formula and toddler milk with natural A2 beta-casein protein. This A2 protein-based infant formula product will be launched into 500 Coles Group Ltd (ASX: COL) supermarkets from May.

And while the Bubs share price initially rose on the news, it ended the day flat. This may be due to investors taking a wait and see mentality with this announcement. After all, Bubs has hyped up countless product launches, such as its Vita Bubs vitamin range, in recent years, which have had little impact on revenue.

In addition, the company revealed its first purchase order of $32.9 million from daigou specialist Willis Trading for the new infant formula range.

What did the broker say?

According to the note, Bell Potter has retained its speculative buy rating and 70 cents price target.

Based on the current Bubs share price, this implies potential upside of 59%.

Bell Potter commented: “BUB announced the launch of an a2 protein IMF to sit alongside its existing goat and grass fed products. While the product will initially be ranged in ~500 Coles, it’s the initial $32.9m purchase order from Willis Trading (i.e. Alpha Group) for delivery over 4Q22-1Q23 that is the most material aspect of the announcement. In 1H22 BUB generated gross IMF sales of ~$20.4m ($18.5m NSR) and group gross sales of ~$38.4m, so an initial purchase order of this magnitude is material.”

“At a high level we continue to witness improving secular trade flows to China, which is a positive for the existing BUB business. However, it is the upside potential within the equity linked targets that has the scope to create the most material value for BUB. The incremental EBITDA delta on Daigou IMF sales is high, with a GM in excess of 30%, and while achieving sales targets comes with equity dilution, the potential uplift in profitability would likely outweigh this. The initial purchase order on a new SKU is a positive development on the previously announced partnership in our view,” it concludes.

The post Broker gives its verdict on the Bubs (ASX:BUB) share price appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended A2 Milk and BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price is under pressure on Wednesday.

In morning trade, the medical device company’s shares are down 6% to $24.20.

Why is the Fisher & Paykel Healthcare share price sinking?

Investors have been selling down the Fisher & Paykel Healthcare share price this morning following the release of a trading update out of the company.

According to the release, with the end of its financial year rapidly approaching, management now has a good idea of the revenue it will generate in FY 2022.

Based on current exchange rates, Fisher & Paykel Healthcare expects full year operating revenue for the 12 months ending 31 March to be in the range of NZ$1.675 billion to NZ$1.70 billion.

This represents a 13.7% to 15% decline year on year from NZ$1.97 billion in FY 2021.

Based on this, there has been a marked softening of its performance during the second half, as Fisher & Paykel Healthcare’s half year operating revenue was only down 2% over the prior corresponding period.

What’s happening?

Management explained that its performance has been impacted by softening demand in the hospital consumables segment due to the Omicron variant causing lower respiratory intervention requirements and a mild flu season in the Northern Hemisphere.

Fisher & Paykel Healthcare’s Managing Director and Chief Executive Officer, Lewis Gradon, said: “Our second half hospital consumables revenue is currently tracking to be similar to the hospital consumables revenue that we reported in the first half of the 2022 financial year. This is consistent with reports of the increasing prevalence of the Omicron variant over the last two months and its associated lower respiratory intervention requirements, as well as a relatively mild flu season in the Northern Hemisphere.”

“In our Homecare product group, growth in sales of our OSA masks is currently tracking above our first half growth rate despite supply constraints of treatment hardware in the market,” he added.

Also putting pressure on the Fisher & Paykel Healthcare share price is news that its margins have been impacted by higher freight costs.

Mr Gradon said: “Freight rates remain elevated and for the 2022 financial year are expected to impact our long-term gross margin target of 65% by approximately 250 basis points.”

Nevertheless, the Chief Executive Officer remains positive on the long term future of the company.

He concluded: “Regardless of how COVID-19 effects unfold over the short term, we are confident our business is well-placed to contribute to a positive change in clinical practice and improving outcomes for respiratory patients in general over the long term.”

The post Why the Fisher & Paykel Healthcare (ASX:FPH) share price is sinking 6% today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

In 2006, Tesla (NASDAQ: TSLA) CEO Elon Musk laid out an audacious plan for the electric car company to go from a start-up with an expensive sports car in development to a volume manufacturer of fully electric vehicles. Few believed the CEO at the time — and for good reason. Starting a capital-intensive business in and of itself is no easy feat, let alone starting an auto manufacturing company.

Here’s how Musk summarized his plan in a 2006 blog post. 

Build sports car

Use that money to build an affordable car

Use that money to build an even more affordable car

While doing above, also provide zero emission electric power generation options

The plan was simple in words. But as investors would find out, the journey would be rife with challenges. Yet somehow Tesla managed to do the impossible. It has become a volume auto manufacturer, on pace to deliver well over 1 million vehicles in 2022 alone. At the same time, long-term investors in the growth stock have been rewarded handsomely.

Since then, Musk has provided a master plan update, which focused largely on the company’s aspirations to expand its energy business and develop autonomous driving technology. With these efforts well underway since the 2016-released ‘Master Plan, Part Deux’, the CEO has confirmed that Tesla is now working on part three to its master plan.

So, what’s next?

Bigger is better

The next growth phase of Tesla is about getting big — much bigger.

“Main Tesla [master plan part 3] subjects will be scaling to extreme size, which is needed to shift humanity away from fossil fuels, and [artificial intelligence],” Musk said on Twitter this week. The plan, Musk noted, will also include some details regarding his other two companies: space technologies giant SpaceX and underground tunnel specialist The Boring Company.

It’s no secret that Tesla’s current growth rates already put the company on a path to be one of the biggest auto manufacturers (by volume) in the world someday. Consider that Tesla exited 2021 with its vehicle deliveries growing at a rate of 71% year over year and management guidance for deliveries to grow about 50% or greater this year.

Further, Tesla has two new high-volume factories that it recently finished building. Altogether, the company has the pieces in place to be building several million vehicles per year as early as 2023.

Despite a wild trajectory already, Tesla may be planning on doubling down even more on its growth ambitions.

Streamlining manufacturing

Investors may have got an early glimpse into Tesla’s part three to its master plan in the company’s most recent earnings call. Management said it had shelved its efforts to bring to market new vehicles in the near term and even completely discarded aspirations to bring to market an even cheaper Tesla model at some point.

The rationale behind these moves was that (a) demand was sufficient without new models, and (b) bringing to market new models during a supply-constrained environment simply didn’t make sense.

“The fundamental focus of Tesla this year is scaling output,” Musk said in Tesla’s fourth-quarter earnings call. To do this, the company is focusing its engineering resources on the successful products it has already brought to market.

“So if we’d actually introduced an additional product, that would then require a bunch of attention and resources on that increased complexity of the additional product,” Musk added later in the call, “resulting in fewer vehicles actually being delivered. And the same is true of this year. So we will not be introducing new vehicle models this year.”

Of course, Tesla said it still plans to bring to market some new vehicles, including its long-awaited Cybertruck, Tesla Semi, and a redesigned Roadster sports car. But manufacturing streamlining and, ultimately, significant growth in production and delivery output appears to be the company’s main focus. And based on Musk’s preview of Tesla’s part three to its master plan, the company may be even more committed to this priority now.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Elon Musk wants Tesla to be much, much bigger appeared first on The Motley Fool Australia.

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Daniel Sparks has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool owns and recommends Tesla and Twitter. The Motley Fool has a disclosure policy.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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