On Friday, Tesla Motors Inc (NASDAQ:TSLA)’s shares inclined 0.48% to $259.15.
Tesla Motors Inc (TSLA) has joined forces with Jeff Dahn, a well-known developer of lithium-ion batteries, to reduce battery costs, according to sources. Per the deal, the electric automaker will sponsor Dahn’s research endeavors.
The company said that the costs of its batteries need to be reduced so that it can offer vehicles at lower prices. Tesla is the largest user of lithium-ion batteries in the world. The cost of production for a battery that supports the 85-kilowatt-hour Model S sedan ranges between $20,000 and $25,000.
In addition to making technological improvements, Tesla intends to lower its battery costs by processing lithium, cobalt, graphite and nickel within the projected Gigafactory. This is predictable to reduce the costs of batteries by 60%.
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.
Scorpio Tankers Inc. (NYSE:STNG)’s shares gained 1.77% to $10.37.
Scorpio Tankers Inc. (STNG) declared a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and (iii) that it will not exercise the options to purchase two LR2s presently under construction (with deliveries predictable in the fourth quarter of 2016 and first quarter of 2017) from Scorpio Bulkers Inc., a related party.
The Company may repurchase its common stock and bonds in the open market and in privately negotiated transactions, at times and prices that are considered to be appropriate by the Company (in its sole discretion), but is not obligated under the terms of the program to repurchase any of its common stock or bonds.
Scorpio Tankers Inc., together with its auxiliaries, engages in the seaborne transportation of refined petroleum products and crude oil worldwide. As of March 31, 2015, it owned 67 tankers comprising 11 LR2 tanker, 2 LR1 tankers, 15 Handymax tankers, 39 MR tankers with an average age of 1.1 years; and time charters-in 20 product tankers, counting 5 LR2, 5 LR1, 3 MR, and 7 Handymax tankers. The company was founded in 2009 and is based in Monaco, Monaco.
At the end of Friday’s trade, CenterPoint Energy, Inc. (NYSE:CNP)‘s shares surged 0.90% to $19.12.
CenterPoint Energy, Inc. (CNP) declares the following webcast —
Date: August 10, 2015
Time: 11:30 AM ET
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company’s Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. As of December 31, 2014, this segment owned 28,282 pole miles of overhead distribution lines and 3,719 circuit miles of overhead transmission lines; 22,435 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 236 substations with a capacity of 57,477 megavolt amperes.
EOG Resources Inc (NYSE:EOG), ended its Friday’s trading session with -0.88% loss, and closed at $84.57.
The Board of Directors of EOG Resources, Inc. (EOG) (EOG) has declared a dividend of $0.1675 per share on EOG’s Common Stock, payable July 31, 2015, to stockholders of record as of July 17, 2015. The indicated annual rate is $0.67.
EOG Resources, Inc., together with its auxiliaries, explores for, develops, produces, and markets crude oil and natural gas. The company’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and Canada, Trinidad, the United Kingdom, and China.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
