Tesla in the Spotlight as it Surpasses Ford in Market Value

NEW YORK, NY / ACCESSWIRE / April 4, 2017 / Tesla has surpassed Ford Motor in market value. One industry analyst noted that while car buyers may not prefer electric cars, they do love the Tesla brand.

RDI Initiates
Coverage:

Tesla Inc. https://ub.rdinvesting.com/news/?ticker=TSLA

Ford Motor https://ub.rdinvesting.com/news/?ticker=F

Tesla advanced 7.27% to close at $298.52 on Monday. The stock traded between $284.58 and $299.00 on volume of 13.8 million shares traded. The closing price was a new record for the company. Tesla reported it delivered 25,000 cars and SUVs in the 1st quarter, exceeding the estimates of analysts and rating firms. That number represents an increase of 69%. On Monday, Tesla owner Elon Musk tweeted, “Stormy weather in Shortsville…” as his company’s stock surged to new highs.

Access RDI’s Tesla Research Report at: https://ub.rdinvesting.com/news/?ticker=TSLA

Ford Motor Company fell 1.72% to close at $11.44 on Monday. The stock traded between $11.28 and $11.64 on volume of 65.7 million shares traded. The company announced it was recalling 53,000 of its trucks, due to risks of the vehicle rolling over. Overall, the company’s U.S. sales were down 7% in March. There was good news as well, with the sales of its F-Series models growing by 10 percent in March.

However, Ford was not the only automaker who saw declines in sales in March, and the combination of rising interest rates and lagging sales may require companies to reduce their production in the near future.

Access RDI’s Ford Research Report at:
https://ub.rdinvesting.com/news/?ticker=F

Our Actionable Research on Tesla Inc. (NASDAQ: TSLA) and Ford Motor Company (NYSE: F) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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