The automakers are all set to introduce an exciting mobile shop in the state for customers to choose and buy Tesla cars with ease.
Tesla Motors is one of those few companies who has been in the news for quite some time for the unique and tactful techniques that it chooses to carry out for its business activities. The marketing strategies adopted by the automakers have always been highlighted to be one of their kind and quite smart as well. The firm has always surprised its fans by always coming up with something to amuse and this time around, the electric car makers have decided to make it big by planning a campaign through which they will be directly selling their automobiles to the customers. A recent press release has made it evident that the auto giant’s management has announced that the company will be taking its adopted marketing campaign for something useful like being a direct provider of its cars and selling them on a direct basis without a middle man.The first place that has been chosen by Tesla to start selling its hybrid cars has come around to be Santa Barbara, where the company’s first outlet will be made for its valued customers who will be able to visit the place and choose from their favorite cars. The grand opening of the store has been scheduled to take place a day after the Memorial Day, and the store will be quite like the other brick stores owned by the company. The customers who wish to make a transaction will be first taken around the store for a quick tour in which they will be made familiar with what the store has to offer. Later, they can choose accordingly if they like the different parts and components of the Model S. Furthermore, for a better experience, a new Model S will be made available at the store in which the users can take a test drive and get to know the car better.This store will be a mobile store with the ability to spread out like a huge flatbed, as huge as a terminal. According to the most recent reports, the firm is planning to keep their mobile store in the state of Santa Barbara for four weeks before taking it to Hamptons.Coming up with such a store in the United States is an idea not foreign for Tesla as the smart car makers have done the same in the European countries like Denmark and France, around two years back. More importantly, the electric car giants are not the only ones to have a mobile store in the country as many other auto makers have done it in the past.
Fords Motors has recently reported a massive growth in the short interest shares of the company as recorded in the last week of April, 2015. Taking in the consideration the short interest shares of the firm as on the records on April 30 2015, a trade with around 86,671,085 shares was witnessed that showed a significant growth as compared the short interest shares noted down by analysts on April 15, when the trade showed shares at around 80,232,745.
According to a report by American Banking News, around 2.2 percent of the short interest shares from the stock of the car models company have been sold. The average volume of shares, on the other hand, has been recorded to be 28,665,668 while the days to cover ratio has been noted down by the stock index at 3 days.
On the other hand, it was recently seen that Ford Motors’ director, John C. Lichleiter has carried out a huge transaction inside the firm in which he was seen buying around 3,000 shares, increasing his stake in the company by a huge difference. This transaction was done on May, 14 2014 and each share was sold at a price of $15.22.
The whole transaction was recorded to have cost Lichleiter an amount of $45,660.00. This trade of shares between the company and the director of the auto making firm has been recorded in filing by the Securities Exchange Commission as all the trade information of shareholders and investors who have a stake in the company of more than 10% are to report to the SEC if they go through any kind of transaction or trade of their shares.
Quite a lot of analytical firms have covered the Fords stock and granted the firm different ratings in accordance with their analysis. Sterne Agee CRT has analysts that gave the auto company’s stock a ‘buy’ rating along with a target on the share price recorded at $20.00, mentioned in a research report presented on May 3 2015. As for the analysts at Stifel Nicolaus, a ‘hold’ rating has been suggested for the shares of the firm after close inspection. The same analysts have granted a $19.00 price target to the smart car company in the same research analysis. TheStreet analysts have given a ‘buy’ rating to the classic car producers. Moreover, Goldman Sachs has given a ‘hold’ to shares of Fords.
Fords Motors Company was recently seen to announce its quarter earnings on April 28 in which the firm reported EPS that was lower than expectations, coming around at $0.23.
The auto making company has many plans lined up for the upcoming quarters in which the launch of Model X car and Gigafactory has gone to take place.
In the most recent quarterly report announcement, Tesla Motors was seen to discuss quite a lot of plans for the coming quarters that the firm is looking forward to carrying out. These plans are deemed to be quite important for the company’s performance, as it will determine where and how the firm is headed forward.
The automakers are looking forward for plans such as the launch of the Model X car that is expected to launch in a few months along with the battery making business that the firm has only recently announced to step into. The Gigafactory, which is being established for the purpose of manufacturing batteries for cars as well as home based usage, is in the process of being launched too.
The Model X car, which is the first electric sports utility car that Tesla (TSLA) is currently working on is almost ready for orders and Elon Musk, the CEO of the smart car making firm, expects the customers to be able to place an order for their Model X Cars by July.
However, the electric car will actually be made available in September of the current year when the deliveries will be taking pace. The CEO of the auto making firm has previously been positive about this new venture of his company in the form of the sports car that is to launch soon and he still seems to be quite excited about it. According to him, this sports vehicle is going to prove as a great car in the SUV industry.
As for the Gigafactory that is being worked upon by Tesla, this other venture of the auto giants is to bring about a huge change in the way things are done in the firm. The battery making plant is expected to produce lithium-ion batteries in a massive number, so much as to break all the records of production in the past years. As per the initial plans of the company regarding the launch of the actual battery cell, it was decided that the first cell will be introduced to the industry in 2017.
However, the hybrid car makers have decided to speed up the process as the management mentioned in the earnings call recently made that now the first battery cell will be launched in 2016, one year before.
On the other hand, the demand for the Model S cars has been constantly increasing as discussed by Elon Musk in the earnings call. Tesla is now looking towards selling around 55,000 Model S and Model X cars by the end of the current quarter.
The Japanese automaker has decided to call back around 5 million cars to fix the issue of having faulty air bags.
Toyota Motors has reported it will be recalling cars from all over the world to fix the problem of having air bags that are not up to the mark and have faults. Along with it, Nissan Motors and Honda Motors will also be following suit.According to a news report by Bloomberg, it was seen that around 6 million cars in total are being requested by the respective companies for the purposes of solving issues in them that have long been prevailing. The major reason for the Japanese firm to be recalling its cars from all over the globe is the emerging problem of faulty airbags that have suddenly surfaced.As per available records, Toyota (TM) Company has decided to call back around 5 million cars which include various models produced and manufactured by the firm. Among all the cars being called back to the firm, 35 models are the ones that were released by the Japanese firm between the time period of March 2003 and November 2007. The company has released a report in which it has raised concerns over the unusual activity of the airbags that has been seen to deploy at random moments, many times when it was not even needed. This going off of the air bag on the precise moment when the vehicle was hit by another car was taken into consideration by the auto making firm to realize that something was definitely seen to be wrong with them.According to recent Toyota news, it became evident that the firm will be calling back its cars in the start of June 2015 by first informing the customers. The total Japanese cars to be recalled by the firm have come around at 1.56 million, as reported by a spokesperson of the Japan-based company. This step that is being taken by the auto giants is due to the safety campaign that has gained momentum recently. As a result of this campaign, around ten other auto making companies in the industry have been calling back cars to fix the issue since 2008.According to a Japanese analyst Takeshi Miyao, it has been noted that this problem has suddenly surfaced and is now being looked into by Toyota and Nissan as before both the companies were unaware of such a problem taking place in the air bags that they were placing in their cars. Takata Corp, who is responsible for providing the automakers these airbags have also been not aware of the fault in the bags they were providing.
