Following U.S stocks are among the “Most Active” Stocks in the course of last trading session, Friday: Tesla Motors Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F)
Shares of Tesla Motors Inc (NASDAQ:TSLA) gained 2.36% to $220.28 on Friday. The share price is trading in a range of 216.35 – 220.55 (Price in Dollars). The stock exchanged hands with 9,007,076 shares contrast to its average daily volume of 5,503,810 shares. During the most recent trading day, the stock’s price shifted up +56.17 percent from its 52-week-low while -23.15 percent lower from its 52-week high. According to Teslarati, Model 3 reservation holders may feel a tad closer to realizing their dreams of ownership knowing that Tesla has just updated their My Tesla page with an image along with minor details of the company’s much anticipated mass market electric vehicle. The update provides depositors that plunked down $1000 for their place in line to configure the Model 3 confirmation that the company will begin deliveries towards late next year.
In other Model 3 news, the press is reporting grumblings from various suppliers and industry observers about the accelerated production schedule for the Model 3 that Elon Musk announced two weeks ago.
Jeff Schuster of industry forecaster LMC Automotive said the goals were “implausible,” in part because Tesla’s battery factory in Reno, Nevada, was unfinished. Aluminum, lithium and other materials – already in short supply – “could be another limiting factor,” said Sam Fiorani of AutoForecast Solutions.
Other industry observers tell NBC News that getting a production line ready often takes 2 to 3 years. Chrysler is converting its Sterling Heights assembly plant to build more Ram 1500 pickup trucks. It wants to boost production to 300,000 vehicles a year — a 50% increase.
“FCA already has the talent and the money, and the underlying machinery is already installed in the plant,” said one longtime supply sales executive. “They’re aiming to be up and running in 2018, so they have two years – and suppliers are wondering if they’ll make that deadline.” Teslarati Report
Shares of Ford Motor Company (NYSE:F), inclined 0.76% to $13.19. The 52-week range of the share price is from 10.44 – 15.84 (Price in Dollars). The beta value for this stock stands at 1.38 points. The company has total market capitalization of $52.80B. Shares of company were moving above of 50 days simple moving average with 0.02% while 200 days simple moving average with 0.31%. Ford Motor Company generated a return on investment of 3.00% in past 12 months and return on equity of 31.80% for similar period. On May 17, Ford Motor Company Fund declared the creation of a new job training and entrepreneurial development center that will assist about 200 people a year, part of a five-year, $4 million investment in community building across the African continent.
The new Ford Resource and Engagement Center, slated to open in October, will be located near Ford’s Silverton Assembly Plant outside of Pretoria, South Africa. It is the second resource center of its kind created by Ford Fund, the philanthropic branch of Ford Motor Company, and is modeled after the original Ford Resource and Engagement Center in Southwest Detroit.
“Ford Fund has a proud tradition of strengthening the communities that are home to our employees, dealers, suppliers and customers,” said Jim Vella, president, Ford Motor Company Fund and Community Services. “As our company expands throughout the African continent, we are bringing our innovative community investment programs to new regions to create a better world.”