Tesla Motors, Inc. (NASDAQ:TSLA) [Trend Analysis] luring active investment momentum, shares a loss -1.30% to $193.96. German officials have requested electric carmaker, Tesla (TSLA) plans to stop using Autopilot in advertising for its Model S and Model X all-electric vehicles as it misleads consumers, reports stated Sunday citing a letter. The warning follows the reports of two fatal crashes. Autopilot, Tesla’s semi-autonomous driving feature, is stated to be a driver assistance system, and not an automated system that can drive self without a driver at all times.
As per the letter by German Transport Minister Alexander Dobrindt, advertising Tesla’s all-electric vehicles as having the feature gives wrong notion that drivers’ attention is not needed. “In order to prevent misunderstanding and incorrect consumers’ expectations, we demand that the misleading term Autopilot is no longer used in advertising the system,” the officials reportedly stated. The total volume of 4.52 Million shares held in the session was surprisingly higher than its average volume of 3095.70 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -193.60%, and looking additional price to next year’s EPS is 282.80%. While take a short look on price to sales ratio, that was 6.43.
Shares of Dril-Quip, Inc. (NYSE:DRQ) [Trend Analysis] runs in leading trade, it plunging -1.00% to traded at $54.45. The firm has price volatility of 2.20% for a week and 2.21% for a month. Its beta stands at 0.51 times. Dril-Quip Inc. (DRQ) released that it has agreed to takeover TIW Corp. for about $143 million, subject to closing adjustments. The transaction is subject to regulatory authorization s and other customary closing conditions. The accord would close during the fourth quarter of 2016. Texas-based TIW is a manufacturer of consumable downhole products for the global oil and gas market. It offers liner hanger systems and related equipment and services worldwide. Narrow down four to firm performance, its weekly performance was -4.31% and monthly performance was 6.87%. The stock price of DRQ is moving up from its 20 days moving average with 0.47% and isolated negatively from 50 days moving average with -1.59%.