Shares of Tesla Motors, Inc. (NASDAQ:TSLA) [Trend Analysis] swings enthusiastically in regular trading session, it an increase of 0.65% to close at $245.35. Panasonic Corp plans to extend its partnership with electric car maker Tesla Motors Inc beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business.
The electronics maker has placed automotive applications at the centre of a growth strategy that targets corporate clients at the expense of low-margin consumer goods, where low-cost Asian rivals have diminished the dominance of Japanese firms.Panasonic is the exclusive supplier of batteries for Tesla’s Model S, Model X and upcoming mass market Model 3, and plans to contribute $1.6 billion to Tesla’s $5 billion battery factory. Moving forward to saw long-term intention, the experts calculate Return on Investment of -16.50%. The stock is going forward its fifty-two week low with 73.95% and lagging behind from its 52-week high price with -8.91%. TSLA last month stock price volatility remained 2.78%.
Viper Energy Partners LP (NASDAQ:VNOM) [Trend Analysis] retains strong position in active trade, as shares scoring 0.63% to $15.90 in a active trade session, while looking at the shares volume, around 71424 shares have changed hands in this session. Viper Energy Partners LP (VNOM), a subsidiary of Diamondback Energy, Inc. (FANG), reported that pricing of Viper’s upsized public offering of 8,500,000 common units representing limited partner interests. The total gross proceeds of the offering (before underwriters’ discounts and commissions and estimated offering expenses) will be approximately $131.75 million.
The underwriters have a 30-day option to purchase up to an additional 1,275,000 common units from Viper.The offering is expected to close on January 24, 2017, subject to customary closing conditions. Viper intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, to repay the outstanding borrowings under Viper’s revolving credit facility and for general partnership purposes, which may include additional acquisitions.
The firm has institutional ownership of 13.50%, while insider ownership included 82.70%. VNOM attains analyst recommendation of 2.10 with week’s performance of -6.06%. Investors looking further ahead will note that the Price to next year’s EPS is 100.51%.