Home / Features / CEO of Tesla Motors (NASDAQ:TSLA) Diverts Core Focus on Improvements Of Autopilot System- Iaccord Power (IPWR), iShares S&P 500 Value (IVE)

CEO of Tesla Motors (NASDAQ:TSLA) Diverts Core Focus on Improvements Of Autopilot System- Iaccord Power (IPWR), iShares S&P 500 Value (IVE)

Tesla Motors, Inc. (NASDAQ:TSLA) [Trend Analysis] climbed reacts as active mover, shares a gain 1.97% to traded at $198.30 and the percentage gap among open changing to regular change was 0.27%. CEO of Tesla (TSLA), Elon Musk reported that electric car firm is making major improvements to the Autopilot system used by its vehicles, which will dramatically reduce the number and severity of crashes in which they are involved.

Sunday’s news comes in the wake of a May crash involving a Tesla Model S that was using the semi-autonomous mode at the time. The driver died following crashing into a tractor-trailer. On a conference call with reporters, Musk stated he thinks that the improvements, which will roll out globally in the next week or two in the form of a software update, probably would have prevented that crash. The firm’s current ratio calculated as 1.40 for the most recent quarter. The firm past twelve months price to sales ratio was 6.55 and price to cash ratio remained 9.22. As far as the returns are concern, the return on equity was recorded as -76.50% and return on investment was -16.50% while its return on asset stayed at -12.30%. The firm has total debt to equity ratio measured as 1.30.

Iaccord Power, Inc. (NASDAQ:IPWR) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 2.06% to $4.96. Iaccord Power Inc., (NASDAQ: IPWR) selected by NEC Energy Solutions to supply its award-winning power conversion systems for select configurations of NEC’s newly released DSS distributed energy storage solution. This new distributed energy storage platform targets commercial & industrial consumers and comprises lithium-ion batteries, advanced software controls, and Iaccord Power’s power conversion systems.

“We recognized the need for scalable, robust, and flexible energy storage solutions at the grid edge that don’t have to be engineered for each specific use case,” stated Roger Lin, Senior Director of Product Marketing at NEC Energy Solutions. The share price of IPWR attracts active investors, as stock price of week volatility recorded 5.15%. The stock is going forward to its 52-week low with 32.98% and lagging behind from its 52-week high price with -48.59%.

iShares S&P 500 Value (NYSE:IVE) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.37% to close at $95.64 with the total traded volume of 2.33 Million shares.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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