Tesla Motors (NASDAQ:TSLA) Will Be Used to Power Tesla’s Energy Storage Products and New Model 3 Sedan- NVIDIA Corporation (NVDA)

Tesla Motors, Inc. (NASDAQ:TSLA) [Trend Analysis] plunged reacts as active mover, shares a loss -1.71% to traded at $223.11 and the percentage gap between open changing to regular change was -0.22%. Electric car maker, Tesla Motors Inc (TSLA) declared that it has started mass production of lithium-ion battery cells at its gigafactory in Nevada along with Japan’s Panasonic Corp, the company said on Wednesday. The cylindrical “2170 cells”, which will be used to power Tesla’s energy storage products and the new Model 3 sedan, have been jointly designed by Tesla and Panasonic, its longstanding battery partner.

The gigafactory will initially produce battery cells for the company’s Powerwall 2 and Powerpack 2 energy products, Tesla said. The production of cells for Tesla’s first mass-market car, the Model 3, is expected to begin in the second quarter. The firm’s current ratio calculated as 1.30 for the most recent quarter. The firm past twelve months price to sales ratio was 6.19 and price to cash ratio remained 11.91. As far as the returns are concern, the return on equity was recorded as -48.20% and return on investment was -16.50% while its return on asset stayed at -8.40%. The firm has total debt to equity ratio measured as 1.01.

NVIDIA Corporation (NASDAQ:NVDA) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.34% to $104.03. NVIDIA (NASDAQ: NVDA) along with Audi shifted their decade-long partnership into high gear, announcing that they are collaborating to put advanced AI cars on the road starting in 2020. Speaking at the opening keynote at CES, NVIDIA founder and CEO Jen-Hsun Huang, joined on stage by Audi of America President Scott Keogh, said future Audi car models will use deep learning to tackle the complexities of driving.

“NVIDIA is pioneering the use of deep learning AI to revolutionize transportation,” said Huang. “Audi’s adoption of our DRIVE computing platform for AI cars will accelerate the introduction of next-generation autonomous vehicles, moving us closer to a future of higher driving safety and new mobility services.” Keogh said: “Audi drivers know the pinnacle of performance and technology. In our mutual pursuit for safer roads, the partnership between Audi and NVIDIA will expand to deep learning and artificial intelligence to bring higher automation onto the road more quickly.”

The share price of NVDA attracts active investors, as stock price of week volatility recorded 7.01%. The stock is going forward to its 52-week low with 324.36% and lagging behind from its 52-week high price with -13.26%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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