Home / Street Sector / Stock Revamps on Eco Changes: Tesla Motors (NASDAQ:TSLA), Tsakos Energy Navigation (NYSE:TNP)

Stock Revamps on Eco Changes: Tesla Motors (NASDAQ:TSLA), Tsakos Energy Navigation (NYSE:TNP)

Tesla Motors, Inc. (NASDAQ:TSLA) [Trend Analysis] retains strong position in active trade, as shares scoring -3.34% to $189.57 in a active trade session, while looking at the shares volume, about 4.43 Million shares have changed hands in this session. A California-based consumer advocacy group is urging the state’s DMV to crack down on Tesla’s use of the words “autopilot” and “self-driving” in its marketing, saying the terms mislead consumers into believing the feature is safer than it actually is. In September, the California Department of Motor Vehicles issued a letter to Tesla and 14 other companies now testing autonomous driving features on California roads, saying the department had reservations about the way such features were being described to consumers.

“As specified in the revised draft regulations, a vehicle cannot be advertised as autonomous in California unless it meets the definition of “autonomous” specified in Vehicle Code 38750 and the autonomous vehicle regulations,” the letter read. “The terms “self-driving”, “automated”, “autopilot”, and other statements that lead a reasonable person to believe a vehicle is autonomous constitute advertising regulated by the truth-in-advertising provisions in the Vehicle Code.”

The firm has institutional ownership of 58.00%, while insider ownership included 0.10%. TSLA attains analyst recommendation of 3.10 with week’s performance of 2.74%. Investors looking additional ahead will note that the Price to next year’s EPS is 83.80%.

Shares of Tsakos Energy Navigation Limited (NYSE:TNP) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of remains unchanged to close at $4.37. TEN, Ltd (NYSE:TNP) reported results for the quarter and nine months ended September 30, 2016. “The first nine months of 2016 have been challenging for tankers, however TEN continues its growth and profitability. In the fourth quarter we have seen a strong rebound of rates that makes us optimistic going forward,” stated Mr. Nikolas P. Tsakos, President and CEO of TEN and current Chairman of INTERTANKO. “Following our long term strategy of responsible growth on the back of solid employment, 2017 will be the springboard year that will boost the fleet’s profitability and elevate TEN’s valuation to levels that reflect the true value of our Firm,” Mr. Tsakos concluded.

TEN’s continued fleet growth will also contribute to stronger incomes and profitability. We have taken delivery of eight new vessels since the end of the third quarter of previous year and another seven are planned all through 2017. Moving forward to saw long-term intention, the experts calculate Return on Investment of 6.70%. The stock is going forward its fifty-two week low with 11.48% and lagging behind from its 52-week high price with -43.13%. TNP last month stock price volatility remained 5.29%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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