Elon Musk: Shorting Tesla (TSLA) Still Not Good Idea (Cabot)
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk told Fox News late Thursday it was “not as crazy” to short the electric automaker now as it was earlier. But he added that shorting the stock is still not a good idea. The stock has risen 483.2% since the start of the year, helped by its first profitable quarter in Q1 after being in business for a decade. But as Tesla’s stock heated up, so did interest in shorting the volatile stock. In August, DoubleLine Capital’s Jeffrey Gundlach told The Street he was “scared to death” to short Tesla Motors Inc (NASDAQ:TSLA) and said: “It’s a cultish stock and who knows where it goes?”
GM Unveils 2015 Full-Size SUV Family (CarBuzz)
General Motors Company (NYSE:GM) is aiming to cash in on the increased demand for full-sized trucks with its all-new Chevy Tahoe and Suburban models as well as the GMC Yukon, Yukon XL and Yukon Denali. More refined, efficient and with improved aerodynamics and connectivity, the new generation of big daddy SUVs is built on stronger platforms with a wider rear track, and motivated by a stock 5.3-liter V8 EcoTec3 powerplant rated at 355 hp and 383 lb-ft of torque, paired to a six-speed automatic transmission.The Yukon Denali is the exception, receiving a 420-hp 6.2-liter V8 up front.
Ford’s India unit to recall more Figo, Classic cars (AutoNews)
Ford Motor Company (NYSE:F)’s India unit said today it was extending its voluntary recall of Figo and Classic cars for remaining batches to look into potential problems with their rear twist beam and the power steering hose. About 166,000 vehicles are involved, The Wall Street Journal reported. The company had first announced in August last year the recall of some Figo and Classic cars. It, however, did not disclose the number of vehicles affected by the move. “This is to ensure the safety and satisfaction of our customers by inspecting and replacing any potentially affected parts as required,” Ford’s India unit said in a statement.
Ford gives glimpse of all-new S-Max (BT)
Ford gave a clear indication of what its new S-Max will look like with a concept car at the Frankfurt Motor Show. The S-Max Concept features a similar front grille to the current Fiesta, while the front bonnet slopes to meet the windscreen in a seamless line. “S-Max drivers are passionate and have high expectations – they see their S-Max as a one-of-a-kind vehicle,” said Martin Smith, executive design director, Ford Motor Company (NYSE:F) of Europe. “Our mission was to exceed their expectations in every area while respecting the core of what they love about the S-Max.”
Recommended Reading:
Will This Make Tesla Motors Inc (TSLA)’s Bubble Burst?
One Thing Ford Motor Company (F) Needs to Fix
How Is General Motors Company (GM) Like American International Group Inc (AIG)?
