Tesla Motors (NASDAQ:TSLA) Cuts Model S Prices

Technology Stocks News 14

Tesla (NASDAQ:TSLA) cuts Model S prices in Europe, Inside EVs says Tesla has slashed the price of its Model S electric car in Germany and other European countries, according to a report by Inside EVs.

Tesla Motors Inc (NASDAQ:TSLA) stock on March 7, 2014 was down 2.12% trading at $247.58 intraday. Its fifty two week range is $34.92 – $265.00. The company’s total market capitalization stands at $30.5 billion. It’s average trading volume is around 10.5 million. The company’s shares are 61% owned by institutions.

In Other News

Gogo Inc. (NASDAQ:GOGO) gains modestly Friday after SAC Capital Advisors disclosed in an SEC 13G filing it has taken a 5.4% stake in the provider of in-flight Internet access. SAC, the investment fund founded by Steven A. Cohen, said in the filing it now has 4.5 million shares of Gogo. In mid-day trade, GOGO was nearly unchanged, up 0.08% to 24.31. It moves in a 52-week range of $9.71 to $35.77.

GT Advanced Technologies Inc. (NASDAQ:GTAT) is a Friday gainer, hitting a record high, after Credit Suisse raised its rating on the maker of sapphire materials used in LED applications to Outperform from Neutral. The price target is now at $24 a share, up from $18. GTAT is earlier traded as high as $18.02, an all-time high for the stock. Near midday, it’s back under $18, still up over 4% on the day.

 

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