Tesla Motors Inc (NASDAQ:TSLA) stated that now there is no S-E-X name series for its car. Elon talked about the idea of hyped name series and disclosed how it all started in a fun. All the talks started at a party when one of his friends asked about the name of Tesla’s third generation car. He said in fun that Tesla has S and X models, so the name for the next upcoming model should be E. The fun converted into a serious note. The company filed an application for the registration of the name Model E. Musk even disclosed that he took the fun at next level by naming the next model Y. Tesla Motors Inc (NASDAQ:TSLA) net profit margin is -6.50% and weekly performance is -1.59%. On last trading day company shares ended up $206.90. Analysts mean target price for the company is $224.83. Tesla Motors Inc (NASDAQ:TSLA) distance from 50-day simple moving average (SMA50) is 1.00%.
On 4 JUNE International Business Machines Corp. (NYSE:IBM) and Lenovo are reported to have sought an extension of time in the U.S. review of their proposed deal. The move would give the Committee on Foreign Investment in the U.S. (CFIUS) more time to look into the U.S. national security issues in the deal, and that could also benefit the two companies that are plotting the deal. International Business Machines Corp. (NYSE:IBM) shares advanced 0.80% in last trading session and ended the day on $185.98. IBM Gross Margin is 48.90% and its return on assets is 15.70%. International Business Machines Corp. (NYSE:IBM) quarterly performance is -0.31%.
On 2 JUNE United Technologies Corporation (NYSE:UTX)’s chief sustainability officer John Mandyck offered the following comment regarding the Obama administration’s proposed carbon emission regulation: “The administration’s plan to reduce carbon emissions recognizes the critical role of energy efficiency. By improving the energy efficiency of our homes and buildings, we lower consumer energy costs and carbon emissions together. Policymakers must encourage these cost-effective technologies.
United Technologies Corporation (NYSE:UTX) shares moved up 0.88% in last trading session and was closed at $118.17, while trading in range of $116.93 – $118.40. United Technologies Corporation (NYSE:UTX) year to date (YTD) performance is 4.91%.
On 3 JUNE Sears Holdings Corp (NASDAQ:SHLD) reported ($2.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.77) by $0.47. The company had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the previous year, the company posted ($1.29) earnings per share. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts predict that Sears Holdings Corp. will post $-7.99 earnings per share for the current fiscal year. Sears Holdings Corp (NASDAQ:SHLD) ended the last trading day at $40.09. Company weekly volatility is calculated as 5.40% and price to cash ratio as 5.13. Sears Holdings Corp (NASDAQ:SHLD) showed a negative weekly performance of -2.58%.
On 29 MAY MITSUBISHI HEAVY IND (OTCMKTS:MHVYF) said it took orders from two Korean manufacturers for 1 box making machine and 2 corrugating machinery for producing corrugated board. MITSUBISHI HEAVY IND (OTCMKTS: MHVYF) on last trading day company shares ended up $6.07.