On Thursday, Shares of Tesla Motors, Inc. (NASDAQ:TSLA), gained 1.14% to $227.07.
The Tesla Model S has a special feature in addition to its autopilot and retractable door handles: Its sales are immune to plunging gas prices, according to Market Watch.
As more hybrid and electric vehicle drivers upgrade to SUVs with improved fuel efficiency, Tesla has managed to maintain and grow its customer base for its luxury electric vehicle. The auto maker’s resilience to this fast-growing trend can be attributed to a sporty design and a consumer market that can afford a $75,000 price tag, says Jessica Caldwell, director of industry analysis at automotive research site Edmunds.com. “Tesla proves that if you provide a sexy-looking EV people are going to flock to it,” she adds.
More affordable electric vehicles are experiencing the opposite effect. In November, the electrified vehicle segment made up only 2.2% of the light vehicle market (which excludes large commercial trucks) its lowest share of the market since 2011 and down from its peak of 3.7% market share in 2013, according to Caldwell. Meanwhile, SUVs had a blockbuster month, holding about one-third of market share. Market Watch Reports
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. It also provides development services to develop electric vehicle powertrain components and systems for other automotive manufacturers.
Shares of Aeterna Zentaris Inc. (NASDAQ:AEZS), declined -2.30% to $4.68, during its last trading session.
Aeterna Zentaris declared the pricing of its formerly declared underwritten public offering (the “Offering”) of common shares and warrants with a public offering price of US$5.55 for one common share together with a warrant to purchase 0.7 of a common share for gross proceeds of US$16.65 million. A total of 3.0 million common shares and warrants to acquire 2.1 million common shares are predictable to be issued on closing of the Offering. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 330,000 common shares and/or warrants to purchase up to an additional 231,000 common shares, to cover over-allotments, if any.
The warrants will be exercisable right away and expire five years following issuance at an exercise price of US$7.10 per share. The warrants do not contain any price or other adjustment provision, except for customary adjustment provisions that apply in the event of certain corporate events or transactions that affect all outstanding common shares. The warrants may at any time be exercised on a “net” or “cashless” basis in accordance with a customary formula but do not contain an alternate cashless exercise feature contained in our formerly issued Series B common shares purchase warrants. The warrants will not be listed on any stock exchange.
The Offering is predictable to close on or about December 14, 2015, subject to customary closing conditions counting, but not limited to, the receipt of all necessary regulatory approvals, counting the approvals of the NASDAQ Capital Market (“NASDAQ”) and the Toronto Stock Exchange (“TSX”).
Aeterna Zentaris Inc., a specialty biopharmaceutical company, engages in developing and commercializing novel treatments in oncology, endocrinology, and women’s health. The company’s product pipeline comprises MACRILEN, which accomplished the Phase 2 trial for use in the diagnosis of adult growth hormone deficiency; and zoptarelin doxorubicin, which is in Phase 3 clinical study zoptarelin doxorubicin in endometrial cancer (ZoptEC) of the compound in women with advanced, recurrent, or metastatic endometrial cancer.
Finally, Dick’s Sporting Goods Inc. (NYSE:DKS), ended its last trade with 0.51% gain, and closed at $37.80.
Dick’s Sporting Goods - The nation’s top-ranked High School basketball teams will return to New York City and iconic Madison Square Garden for a dynamic, season-ending tournament March 31 – April 2, 2016. For the third-straight year, DICK’S Sporting Goods (DKS), the largest U.S. based, full-line sporting goods retailer, will serve as the event’s title sponsor and the entire event will be televised across ESPN networks.
“We are excited to continue our support of high school basketball across the country by sponsoring the DICK’S Sporting Goods High School Nationals Tournament again in 2016,” said Mark Rooks, Vice President of Sports and Community Marketing, DICK’S Sporting Goods. “Last year’s event was a tremendous success, and we look forward to seeing the best high school basketball teams in the country compete again next spring.”
Madison Square Garden will host the boys (ESPN) and girls (ESPN2) championship games on April 2nd. The tournament starts on March 31st with the boys quarterfinal games (ESPNU) and continues April 1st with the boys (ESPN2) and girls (ESPNU) semifinals from Christ the King High School in New York City.
Dick’s Sporting Goods, Inc. operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, counting sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. It also owns and operates Golf Galaxy, Field & Stream, and True Runner specialty stores; and DICKS.com and golfgalaxy.com eCommerce Websites.
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