Home / Business / Stocks Retreat on New Development: Tesla Motors (NASDAQ:TSLA), Southern Firm (NYSE:SO)

Stocks Retreat on New Development: Tesla Motors (NASDAQ:TSLA), Southern Firm (NYSE:SO)

Tesla Motors, Inc. (NASDAQ:TSLA) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -1.30% to 193.96 with about 4.52 Million shares have changed hands in this session. Elon Musk’s Tesla Motors stated it would collaborate with its longstanding battery partner, Japan’s Panasonic Corp, to manufacture solar cells and panels at a New York factory.

The contract, a non-binding letter of intent, is contingent on shareholder authorization of Tesla’s acquisition of SolarCity Corp, the electric car maker stated in a statement issued late on Sunday. Financial terms were not revealed, but officials in New York stated production would take place at a factory SolarCity is building in Buffalo. Panasonic is predictable to start production at the Buffalo facility in 2017 and Tesla intends to provide a long-term purchase commitment for those cells. The stock is going forward its fifty-two week low with 37.51% and lagging behind from its 52-week high price with -27.99%.

Same, the positive performance for the quarter recorded as -13.90% and for the year was -14.56%, while the YTD performance remained at -19.19%. TSLA has Average True Range for 14 days of 5.47.

Shares of Southern Firm (NYSE:SO) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 0.26% to close at $50.69. Georgia Power, the largest subsidiary of Southern Firm (SO), reported that recent milestone in the transition to operation of Plant Vogtle Units 3 and 4 – members of the first training class of nuclear operators have passed the initial licensing exam by the Nuclear Regulatory Commission (NRC), ensuring that licensed, qualified operators are in place previous to nuclear fuel loading and plant start up.

Once operational, the new units will employ about 75 highly trained nuclear operators as part of a permanent workforce of over 800. The three-week testing process encompassed simulator testing, job performance measures and a written exam. The operators now must complete an additional six months of preoperational testing before receiving their licenses.

“Around four years have gone into training and preparing this class with countless hours in the classroom and simulator,” stated Karen Fili, site vice president for Vogtle Units 3 and 4. “This team will help bring the new units online for the first time and will be well-prepared to help ensure safe and reliable operation for as long as the units are in service.” Moving forward to saw long-term intention, the experts calculate Return on Investment of 6.30%. The stock is going forward its fifty-two week low with 22.24% and lagging behind from its 52-week high price with -6.24%. SO last month stock price volatility remained 1.43%.


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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