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Tesla Soars on Financials and Ratings

posted by LaminatorX on Thursday February 27 2014, @05:00AM   Printer-friendly
from the rotating-magnetic-wheel dept.

frojack writes:

"Tesla stock soared today, up over 17% at one point, on solid earnings reports, and also due to achieving the highest recommendation of all cars from Consumer Reports (Note, not linking direct to paywalled CR site). In addition, Tesla Motors Inc. is expected to make a big announcement regarding its 'gigafactory' battery plant this week. Tesla is rumored to be partnering with Japan's Panasonic Corp. or South Korea's Samsung Electronics Co. Ltd. The location of the factory is also yet to be determined, although analysts have bet on New Mexico or Arizona. One thing is sure: 'Tesla hopes to reinvent battery production like it already did to other parts of the auto supply chain,' one Wall Street analyst said.

Within the next few weeks, CEO Elon Musk will go to China to deliver the country's first Model S according to CNBC."

 
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  • (Score: 1, Informative) by Anonymous Coward on Thursday February 27 2014, @05:32AM

    by Anonymous Coward on Thursday February 27 2014, @05:32AM (#7804)

    It was a reply to comment 7795.

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  • (Score: 0, Redundant) by cwix on Thursday February 27 2014, @12:57PM

    by cwix (873) on Thursday February 27 2014, @12:57PM (#7919)

    Hmm after I posted, it looked like a second commend. Well either way I screwed up lol, Mea culpa.