Saturday
April
19
2014
10:02 am
Weather
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 

Check out our archive of Dining Guides - Yum!

Tesla joins Nasdaq-100; replacing Oracle
July 10, 2013, 05:00 AM The Associated Press

Tesla joined the Nasdaq-100 Index on Monday as software maker Oracle Corp. heads to the New York Stock Exchange.

The electric car maker’s stock rose in premarket trading Tuesday.

Oracle announced its planned move to the NYSE in June. At the time, the NYSE said that it would be its largest market transfer listing to date. Oracle, based in Redwood Shores will be the fourth Nasdaq-100 company to transfer to the NYSE in the past year. Its market capitalization was $146.5 billion at the end of trading Monday, according to FactSet.

Tesla, based in Palo Alto, has an approximately $12.8 billion market capitalization.

The company currently sells only the $70,000 Model S sedan, but its “X” SUV is slated for the second half of 2014 and the “Gen III,” which will be half the price of the Model S, is slated to hit the road in three or four years.

Tesla’s stock has gotten a boost in recent months from positive Model S sales data. Its stock price has more than tripled since the first of the year.

Shares of Tesla Motors Inc. climbed $4.26, or 3.5 percent, to $125.87 before the market open.

 

 

Tags: stock, market, oracle, tesla, model,


Other stories from today:

Redwood City hires new communications manager
San Mateo County probation officer publishes novel
Tesla joins Nasdaq-100; replacing Oracle
 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
What does the Easter bunny do when he visits your house?

Leave baskets for the kids
Hide eggs
Leave healthy treats
Hasn't been to my house in years

 

 
Tabbed Structure - Regular
 
 
 
 
 
 
 
  
 
  
 
©2014 San Mateo Daily Journal
San Mateo County notice of bulk sale