Sell your Tesla stock? Marvell gets in the chips with Cavium deal

Sell Your Tesla?: That’s the opinion of JP Morgan analyst Ryan Brinkman, who on Monday reiterated his underweight rating — the equivalent of “sell” — on the electric carmaker, on the grounds that Tesla could see more production and financial issues related to its much ballyhooed Model 3. The car’s widespread release has already been delayed for months due to production line matters.

Unlike traditional automakers that can spread the costs of developing electric and hybrid cars across multiple vehicle models and traditional gasoline-powered cars, Brinkman said Tesla’s high-priced vehicles may take longer to provide the company with consistent profit margins to match the cars’ sticker prices.

Brinkman also maintained his $185-a-share target price on Tesla’s stock — around 40 percent less than Tesla shares’ Monday closing price of $308.74 a share.

No Turkey, Just Chips: While a lot of companies in the Bay Area are known for closing up shop, or at least taking it easy during Thanksgiving week, Marvell Technology decided to go on a little buying binge before the Black Friday deals kick in. Marvell said it would pay $6 billion to acquire fellow chipmaker Cavium, of San Jose, to boost up its presence in the market for semiconductors used in wireless communications, security and the automotive industry.

Apple vs. FBI, Round 2?: Could Apple be about to get into it, again, with the FBI over an iPhone used in a mass shooting? The FBI has served Apple with a warrant to get information from the iPhone used by the shooter who killed 26 people and injured 20 more at a church in Sutherland Springs, Texas on Nov. 5. Apple says it offered to help the FBI with any legal requests it had, but that the bureau didn’t take the company up on the offer to open the iPhone by using Touch ID without a passcode within 48 hours.

The Way To San Jose…: Will cost you more than 200,000 bucks. Actually, you will need a household income of $216,181, to be exact, in order to afford what is considered to be a median-priced house in the San Jose metro area, according to a new report from the mortgage information website HSH.com.

Quote of the Day: “We’d bike everywhere growing up.” — Oakland Raiders running back Marshawn Lynch, in a statement in which the Oakland native said he was backing LimeBike, a bike-sharing startup operating in Alameda and San Francisco.

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