Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F)
Tesla Motors Downgraded to “Sell” at TheStreet (TSLA) (Zolmax)
Tesla Motors Inc (NASDAQ:TSLA) was downgraded by equities researchers at TheStreet from a “hold” rating to a “sell” rating in a research report issued on Wednesday, Analyst Ratings.Net reports. The analysts wrote, “Tesla Motors (TSLA) has been downgraded by TheStreet Ratings from hold to sell. Among the areas we feel are negative, one of the most important has been poor profit margins.” Tesla Motors (NASDAQ:TSLA) traded down 1.92% on Wednesday, hitting $163.17. 4,247,487 shares of the company’s stock traded hands.
Multiple Governments Selling Millions of GM Shares (DailyFinance)
General Motors Company (NYSE:GM) Headquarters in Detroit. Photo Credit: General Motors Company. It’s been an excellent year for General Motors and cross-town rival Ford Motor Company (NYSE:F) . Both are reaping profits not seen in a decade, and sales continue to increase as the U.S. automotive market rebounds — recently topping a Seasonally Adjusted Annual Rate of 16.1 million for the first time since 2007. Today, GM is trading 2% lower on news that Canadian and Ontario governments will be unloading 30-million General Motors Company (NYSE:GM) common shares. Is this a bad sign, or a better entry point?
Ford Names James P. Hackett and John C. Lechleiter to Board of Directors (SacBee)
Ford Motor Company (NYSE:F) announced today the election of James P. Hackett and John C. Lechleiter to the company’s board of directors. Hackett’s appointment is effective immediately, while Lechleiter will join the board Oct. 1. Hackett, 58, is chief executive officer of Steelcase Inc., a global leader in the office furniture industry. He was named company president and chief executive officer in December 1994, and oversees all Steelcase domestic and global operations. He also has served as a director of Steelcase since 1994.
Tesla’s Elon Musk demos hand-gesture CAD design system | Design Eng (CanadianManufacturing)
Tesla Motors Inc (NASDAQ:TSLA) and SpaceX’s Elon Musk ripped a page from an Ironman movie script over the weekend by demonstrating a gesture-based method for navigating a 3D assembly of the commercial space firm’s Merlin rocket engine. Using a combination of a LeapMotion controller, an Oculus Rift virtual reality headset (or just a computer screen), and Siemens PLM’s NX software, the serial entrepreneur showed the system making it possible to rotate, zoom and create cut-aways of an assembly solely using “in thin air” hand gestures.
General Motors Given Buy Rating at TheStreet (GM) (Zolmax)
General Motors Company (NYSE:GM)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Wednesday, Analyst Ratings Network reports. The analysts wrote, “General Motors (GM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
For sale: Verizon bonds & GM shares (CNBC)
Buy Ford Shares Now (WealthDaily)
They cost between $24,000 and $53,000 each. One sold every 38 seconds during the month of August. No, not Washington lobbyists… I’m talking about Ford F-series trucks. They are selling like hotcakes. All Ford Motor Company (NYSE:F)’s are. In fact, Ford is selling so many of its Fusion models that it had to add a shift and hire 1,400 workers at its Flat Rock factory outside Detroit. That’s in addition to the 3,000 salaried employees the automaker is hiring.
Tesla’s plan to electrify Europe (CTVNews)
Tesla Motors Inc (NASDAQ:TSLA) has revealed that its first European supercharging stations are already up and running and that a pan-European network will be completed by the end of 2014. To mark its arrival on European shores, Tesla Motors Inc (NASDAQ:TSLA) installed one of its supercharging stations at the venue for this year’s Frankfurt Motor Show and during its press conference revealed that similar stations are already in place across Norway’s most commonly used roads and highways, despite the fact that the first Norwegian Tesla Model S customer only took delivery of the car in August.
GM Shares Shift To Reverse After Equity Sale (WSJ)
General Motors Company (NYSE:GM) -1.49%’s shares are trading lower following the Canadian government’s overnight sale of 30 million shares in the auto maker. GM was down 2% at $36.26, paring a more-than-25% rally year-to-date. Stocks often take a pause the day after a big secondary offering, which test buyers’ willingness to fill the void as a big holder cashes out. This week has seen a spate of such deals, suggesting issuers and bankers remain confident in investors’ appetite for their shares, even as stock indexes are near record highs.
Ford Group Vice President Sells 122K Shares and 4 Insider Sales to Note (WallStCheatSheet)
Ojakli Ziad S who is Group Vice President at Ford Motor Company (NYSE:F), sold 122,480 shares at $17.35 per share for a total value of $2,124,857. The shares recently traded at $17.55, up $0.2, or 1.15% since the insider sale. Fields Felicia J who is Group Vice President at Ford Motor Co. (NYSE:F), sold 89,000 shares at $17.32 per share for a total value of $1,541,444. The shares recently traded at $17.55, up $0.23, or 1.33% since the insider sale.
