Tesla Motors Inc (NASDAQ:TSLA) has abandoned its application with the U.S. Patent and Trademark Office to trademark Model E. Tesla’s Model E is a name widely rumored to be used for the electric automaker’s next generation electric car. Another automaker company Ford Motor Company (NYSE:F) has filed an application to trademark Model E several months, after electric car maker, Tesla Motors Inc (NASDAQ:TSLA) is sticking with it.
The vice president of communications for Tesla Motors, Simon Sproule said that the matter has been resolved amicably, Sproule wouldn’t say if Ford asked Tesla to abandon its application. Ford Motor Company (NYSE:F) shares after opening at $15.74 moved to $15.76 on last trade day and at the end of the day closed at $15.56. Company price to sales ratio in past twelve months was calculated as 0.42 and price to cash ratio as 4.25. Ford Motor Company (NYSE:F) showed a negative weekly performance of -2.75%.
Tesla Motors Inc (NASDAQ:TSLA) shares after opening at $216.60 moved to $218.66 on last trade day and at the end of the day closed at $ 207.28 . Company price to sales ratio in past twelve months was calculated as 12.77 and price to cash ratio as 30.39. Tesla Motors Inc (NASDAQ:TSLA) showed a positive weekly performance of 0.17%.
General Motors Company (NYSE:GM) is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear, and says it has known about the problem for at least a year. General Motors Company (NYSE:GM) shares ended the day on $34.75. GM return on equity ratio is recorded as 19.90% and its return on assets is 4.00%. General Motors Company (NYSE:GM) yearly performance is 10.18%.
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