Thursday
November
20
2014
2:58 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
 
What do you think of the proposal to raise UC tuition rates 5 percent a year for five years?

It's too much
Will avoid a large spike when the tuition freeze is over
UCs need to cut costs
The state needs to fund it more
The state needs to fund it more and the UCs need to cut costs
Don't know enough about it

 

 
 
 
 
 
 
University tuition increases adopted in California
SAN FRANCISCO — The University of California voted Thursday to approve a tuition increase of as mu..
PG&E fined over alleged secret dealings
SAN FRANCISCO — State regulators Thursday fined Pacific Gas & Electric Co. and required its shareh..
US consumer prices unchanged in October
WASHINGTON — U.S. consumer prices were unchanged in October as a fourth straight decline in gasoli..
Mike Nichols, crafter of films, plays, dies at 83
NEW YORK — Mike Nichols, the director of matchless versatility who brought fierce wit, caustic soc..
More >>  
 
 
  
 
  
 
©2014 San Mateo Daily Journal
San Bruno news