Jun 13, 2013

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Most Active Movers: Tesla Motors (NASDAQ:TSLA) and Pfizer (NYSE:PFE)

Most Active Movers: Tesla Motors (NASDAQ:TSLA) and Pfizer (NYSE:PFE)

Electric car manufacturer Tesla Motors (NASDAQ:TSLA) jumped up 3.5% Wednesday as latest expert comments lauded its guidance, while firms associated to another electric-vehicle startup filed for bankruptcy in an overall rough market for the greenest cars.

The Model S’ success along with TSLA’s cash position lets investors to look before to the X and Gen III vehicles.

We are surer in TSLA’s capability to hit Gen III production targets, Baird Equity Research analyst Ben Kallo reported in a research note Wednesday, as he lifted his price target on Tesla stock to 118 from 70. Tesla ended at 97.73 in the stock market today.

While mainstream vehicle makers including General Motors (GM), Nissan (NSANY) and Toyota (TM) persists to try to sell EVs with no great achievement, Tesla has boosted ahead aiming the luxury market with the high-performance Model S sedan that has got many best-car awards.

But luxury hybrid opponent Fisker Automotive is still looking for a buyer and now Coda Automotive affiliates are “coding,” as in filing for bankruptcy.

Pfizer (NYSE:PFE) shares jumped up to some extent in morning session, on word that it and Takeda Pharmaceutical had reached at a favorable $2.15-billion settlement in its patent-violation lawsuit versus Teva Pharmaceutical Industries and Sun Pharmaceutical Industries.

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