Tesla Motors Inc (NASDAQ:TSLA), announced that the production of its much-awaited Model X SUV will start early 2015. The announcement does not come as a surprise considering that Elon Musk, the CEO of Tesla, had already hinted about the same recently. Nonetheless, the announcement takes away the concerns that buyers who have already paid deposits for the car had recently when it was rumored that the car might not enter production as early as expected. Tesla Motors Inc (NASDAQ:TSLA), net profit margin is -6.50% and weekly performance is 11.93%. On last trading day company shares ended up $227.79. Analysts mean target price for the company is $224.83. Tesla Motors Inc (NASDAQ:TSLA), distance from 50-day simple moving average (SMA50) is 11.56%.
General Motors Company (NYSE:GM), is liable for up to over $10 billion in damages after its ignition switch debacle lowered the resale value of millions of vehicles, according to a new lawsuit, the latest blow to the beleaguered automaker. General Motors Company (NYSE:GM), advanced 0.19% in last trading session and ended the day on $36.37. GM, Gross Margin is 10.60% and its return on assets is 4.00%. General Motors Company (NYSE:GM), quarterly performance is 4.00%.
ISI Group initiated coverage on shares of Toyota Motor Corp (ADR) (NYSE:TM), in a research report sent to investors on Monday morning. The firm issued a strong-buy rating on the stock. Toyota Motor Corp (ADR) (NYSE:TM), shares moved up 1.46% in last trading session and was closed at $117.75, while trading in range of $117.03 – 118.07. Toyota Motor Corp (ADR) (NYSE:TM), year to date (YTD) performance is -3.42%.
Ford Motor Company (NYSE:F), said it was lowering the fuel economy ratings on six of its models, including a number of hybrids, and would reimburse owners for the difference. Ford Motor Company (NYSE:F), ended the last trading day at $16.78. Company weekly volatility is calculated as 1.27% and price to cash ratio as 5.11. Ford Motor Company (NYSE:F), showed a negative weekly performance of 1.57%.
JPMorgan Chase & Co. upgraded shares of Toshiba Corp (USA) (OTCMKTS:TOSYY), from a neutral rating to an overweight rating in a research note issued to investors on Monday,TheFlyOnTheWall.com reports. Toshiba Corp (USA) (OTCMKTS:TOSYY), on last trading day company shares ended up $27.00.
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