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.”