Tesla Slips As Musk Says Short Sellers Slightly Less Crazy Than Before (Barrons)
Shares of Tesla Motors Inc (NASDAQ:TSLA) were down about 0.3% at recent check; the stock was also down after hours yesterday, when Elon Musk told Fox Business News that short sellers are “not as crazy” to bet against the stock as they were in the past, given its recent rally. From the interview: “In the past I said it’s really crazy to short Tesla. Is it so crazy to short Tesla right now? I mean it’s not as crazy but I still think it’s probably not a good idea.”
GM claims most powerful pickup crown (FoxNews)
Maybe they should call it the Silverado Stingray. General Motors Company (NYSE:GM) is claiming the light-duty pickup truck power crown for the upcoming 6.2-liter V8-powered Chevrolet Silverado and its GMC Sierra twin. Available in top trim levels of the trucks, the all-new 6.2-liter V8 is based on the one in the 2014 Chevrolet Corvette Stingray and officially rated at 420 hp and 460 lb-ft of torque. The top motors from rivals Ram and Ford Motor Company (NYSE:F) put out 395 hp and 411 hp, respectively, and both offer less torque than the GM engine.
Ford’s US sales and marketing chief to retire as company announces management shifts (WinnipegFreePress)
Ford Motor Company (NYSE:F)‘s marketing and sales chief in the U.S. is retiring as of Nov. 1. Ken Czubay, 64, will be replaced by John Felice, who will be vice-president of U.S. marketing, sales and service. The company also named Barb Samardzich as chief operating officer at Ford of Europe. Czubay will retire after a 43-year career in the automotive business. He started at Ford in 1970, but left the company in 1983 to work at Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY) and Southeast Toyota Distributors. He returned to Ford in 2008 to head U.S. marketing and sales, as well as dealer and service operations, Ford said in a statement Friday.
Having Started In California, For Tesla It’s Europe Here We Come (HybridCars)
At the ongoing international auto show in Frankfurt, Germany, Tesla Motors Inc (NASDAQ:TSLA) is displaying its Model S confident that it can carve out a healthy place for itself within the entrenched marketplace. Germany is a bastion for Mercedes-Benz, BMW, Audi, and other brands, but in a new take on the old folk song refrain, California here I come, Tesla is beginning there, and intent on planting a flag in Europe having opened stores in Frankfurt, Dusseldorf, Hamburg and Munich with plans pending for Berlin and Stuttgart.
GM Was Wrong About Facebook Ads (BestTechie)
Remember when General Motors Company (NYSE:GM) said that Facebook Inc (NASDAQ:FB) ads don’t pay off and pulled all its ads off of the social media site? Well, it seems most companies would disagree with their philosophy. According to a survey conducted by AdAge last month, about 74% of the 1,200 respondents said their Facebook budgets now include outlays on Facebook ads, up from 62% in January 2012. The reason for the increase? Facebook ads work. According to the survey, which was done in conjunction with RBC Capital Markets in August, 43% of respondents reported that their ROI on Facebook had “dramatically” or “somewhat” improved during the last six months and ranked Facebook a close second to Google in order of importance among online advertising sites.
GM is thinking big (CNBC)