Tesla Motors Inc. (NASDAQ:TSLA)’s plan to boost battery production by building what Chief Executive Officer Elon Musk calls a “gigafactory” may do more to transform the power industry than it does to advance the electric car. Tesla Motors Inc (NASDAQ:TSLA) stock opened at $230.00 in last session, and closed at $248.00, while the day range of TSLA stock is $228.45 – $259.20. The stock showed a positive weekly performance of 21.75%.
Ford Motor Co. (NYSE:F) on Friday plans to announce more details of its manufacturing shift of medium-duty trucks from Mexico to the U.S., according to a person with knowledge of the timing. Ford Motor Company (NYSE:F) stock opened at $15.21, in last session and closed at $15.15, by losing -0.20%. The 52 week range of F is $12.10 – $18.02. Company’s market capitalization is $60.36billion.
General Motors Co. (NYSE:GM) apologized as it linked seven more deaths to flawed ignition switches and more than doubled a U.S. car recall to nearly 1.4 million vehicles. General Motors Company (NYSE:GM) stock decreased -1.23% and finished the last session at $36.10. The EPS of the stock remained 2.38. Company’s market capitalization is $57.39billion.
Kandi Technologies Group Inc (NASDAQ:KNDI), the Chinese specialized vehicle maker, jumped as much as 16% on Monday after it expressed its plans to expand electric car-rental service. The company said that its electric-car rental service is fetching profits and that it plans to extend this service to Beijing and Shanghai. Kandi Technologies Group Inc (NASDAQ:KNDI) stock opened the session at $15.60, and closed the session at $15.57. The 52 week range of the KNDI stock remained $3.47 – $16.95 and the day range was $15.20 – $16.95.
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