Thursday
July
30
2015
6:05 pm
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
 
 
 
 
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:

 

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


 
 
 
Daily Journal Quick Poll
 
Do you think cities and the county should regulate services like airbnb that rents out rooms and homes?

Yes, homes are not hotels
No, let the free market be
Maybe a little to make sure people using the service are legit
Not sure

 

 
 
 
 
 
 
 
Crews battle fast-moving fire in California's Lake County
LOWER LAKE, Calif. — A fast-spreading wildfire in Northern California's Lake County has destroyed ..
Greek leader seeks to quash rebellion with party vote
ATHENS, Greece — In a bid to consolidate his political support and complete a crucial bailout with..
Confederate flags placed at Ebenezer church near MLK Center
ATLANTA — Four Confederate battle flags were found on the grounds of the Ebenezer Baptist Church n..
India hangs only man sentenced to die for 1993 Mumbai blasts
NEW DELHI — Ignoring pleas and petitions by civil society groups, India on Thursday hanged an acco..
More >>  
 
 
  
 
  
 
©2015 San Mateo Daily Journal
San Mateo County garage sales