Tesla Motors Inc (NASDAQ:TSLA)’s plan to build what co-founder Elon Musk bills as the world’s largest battery factory could not only shake up the power industry but trigger a bidding war between states eager for the 6,500 jobs the $5 billion investment could create. Tesla Motors Inc (NASDAQ:TSLA) stock opened at $261.25 in last session, and closed at $252.54, while the day range of stock is $248.33 – $261.90. The stock showed a positive weekly performance of 20.27%.
In a surprising move, Volkswagen MD Arvind Saxena has joined rival General Motors Company (NYSE:GM) India as its president and MD. He replaces Lowell Paddock who will now be stationed in Singapore as the company’s vice president. General Motors Company (NYSE:GM) stock opened at $36.56, in last session and closed at $36.77, by losing -0.16%. The 52 week range of the stock is $26.72 – $41.85. Company’s market capitalization is $58.46 billion.
Ford Motor Company (NYSE:F) has decided to switch operating systems, dropping Microsoft Windows based system called Sync, for the operating system designed by BlackBerry subsidiary – QNX. Ford were the pioneers in the field of in-car connectivity, but recently ran into troubles, mostly due to their touch-screen system called MyFord Touch associated with SYNC, their in-car connectivity solution developed in association with Microsoft. Ford Motor Company (NYSE:F) stock advanced 0.85% and finished the last session at $15.39. The EPS of the stock remained 1.76. Company’s market capitalization is $60.22 billion.
Toyota Motor Corp. (ADR) (NYSE:TM) promoted a former design chief to lead its luxury division as it seeks to extend the Lexus brand’s reach in markets outside the United States. Toyota Motor Corp (ADR) (NYSE:TM) stock opened the session at $115.25, and closed the session at $116.02. The 52 week range of the stock remained $99.70 – $134.94 and the day range was $114.87 – $116.02.
Leave a Reply