June 25, 2017

Indiana Bill Doesn't Name Tesla, Looks To Stop Automaker From Selling Cars

02 February 2017, 12:43 | Candice Butler

Tesla Motors Inc TSLA.O changed its name to "Tesla Inc" as Chief Executive Elon Musk looks to transform the Silicon Valley firm from an electric auto maker to a diversified energy products company. This year company's Earnings per Share (EPS) growth is -43.10% and next year's estimated EPS growth is 14.39%.

After 13 years, Tesla is finally changing the tires on its brand. A financial filing on Wednesday with the Securities and Exchange Commission formalized the name change.

In fact, the change comes at a pivotal time for Tesla, as they plan not only to expand their range of vehicle offerings with the upcoming (but likely-to-be-delayed) Model 3, but also to release home technologies like battery storage units and personal solar energy solutions. Also, VP John Douglas Field sold 1,000 shares of Tesla Motors stock in a transaction that occurred on Tuesday, January 10th.

Shares of Tesla Motors Inc (NASDAQ:TSLA) inclined 0.52% to $251.93. When that will be completed, a clearer structure is expected to appear with "Tesla" being the overall company and "Tesla Motors" for vehicles and "Tesla Energy" for energy products (solar, Powerwall, and Powerpack) representing separate divisions within Tesla.

Mulayam Singh opposes SP-Cong alliance
Rahul said the Congress and SP are "natural" allies in their joint fight against "Fascist, divisive and sectarian BJP". Talking about Bahujan Samajwadi Party chief Mayawati, the Congress leader said: "I personally respect Mayawatiji".

The namesake of Elon Musk's enormous business enterprise would be proud.

State of Wisconsin Investment Board boosted its stake in Tesla Motors Inc.

Looking forward, Tesla only expects its energy storage business to grow more significant. There was chatter for months within the tight-knit network of Silicon Valley self-driving whizzes: Where was one of their industry's most-prominent players going to land? Tesla first hinted at the move by taking the "Motors" out of its website name. Investors should bear in mind that Tesla still generates the bulk of its revenue from electric vehicles. So going beyond the scope of just electric vehicles, the company now makes solar roofs and batteries too. Indeed, even after Tesla's recent acquisition of SolarCity, almost 90% of Tesla's revenue comes from electric vehicles - and this likely won't be changing anytime soon considering the company is planning to significantly ramp up vehicle deliveries when it brings its Model 3 to market later this year.

Other News

Trending Now

Academy Award-Nominated ARRIVAL to Be Re-Released in Theaters 1/27
Bening is no stranger to being nominated for an Oscar: she's received four nominations since 1991. A pure demonstration of Adams' acting skill, Arrival represents some of her best work to date.

United Nations urges Trump to keep door open for refugees
Refugees are settled in the United States after lengthy, stringent security screenings that can take up to two years. The executive order will prevent refugees from escaping some of most violent regimes in the world.

Trump gives generals 30 days for new anti-ISIS strategy
President Trump signed an executive order blocking people from seven Muslim countries from entering the U.S. It's disturbing the administration took such a strategically counter-productive action.

Alphabet by the numbers - Q4 2016 Earnings report
We're seeing great momentum in Google's newer investment areas and ongoing strong progress in Other Bets, said CFO Ruth Porat. Google beats Microsoft in terms of revenue for the third consecutive quarter.

The Wheels Are Starting to Come Off, Bulls lose to Hawks
But if sometime soon I think I need to finally speak up in that department and let him know we need to do this, sure, why not". He thinks the rest of the Bulls players don't care about the situation, and that this is causing too many losses.

Austrian government calls for ban of full-face veils
According to BBC News , approximately 150 Austrian women wear these veils but some officials worry the ban could hurt tourism. Austria have just released the statement: 'We believe in an open society that is also based on open communication.

Dimitri Payet completes exit from West Ham United
Amidst this joy and promise, Payet joined his fellow Frenchies with the national team for the Euro 2016 tournament they hosted. The Frenchman exits the Hammers after scoring 18 goals and assisting a further 25 strikes in 66 appearances for the club.

Samsung Galaxy S8 Release Date: Reports Eye March 29 Launch
Samsung also may have taken over the race on performance as the Galaxy S8 will feature the new SnapDragon 835 chipsets. Two capacitive keys flanking an elongated home button have always been a staple of Samsung phone and tablet design.

CBS will honor Mary Tyler Moore on Thursday
Dick Van Dyke spoke by phone from his Malibu home and said he remembered meeting Moore when she was just a 23-year-old ingenue. Her first regular TV role was an relatively unseen - save her legs - performance on Richard Diamond, Private Detective .

Kaspersky's head of investigations arrested on suspicion of treason in Russian Federation
Fomenko, who rents space on his servers, has denied any links to the perpetrators of the cyberattacks. Novaya Gazeta reported that three other people, including another FSB employee, had been arrested.