On Tuesday, Shares of Tesla Motors Inc (NASDAQ:TSLA), subtract -1.07% and closed at $211.41 in the last trading session. The last trading range of the stock ranges between $208.82 and $213.32. Tesla ( NASDAQ : TSLA ) delivered about 24,500 vehicles in Q3, of which 15,800 were Model S and 8,700 were Model X. This was a boost of just over 70% from last quarter’s deliveries of 14,402. Our Q3 delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct.
In addition to Q3 deliveries, about 5,500 vehicles were in transit to customers at the end of the quarter. These will not be counted as deliveries until Q4.
Production rose to 25,185 vehicles in Q3. This was a boost of 37% from Q2 production of 18,345.
We expect Q4 deliveries and production to be at or slightly above Q3, despite Q4 being a shorter quarter and the challenge of delivering vehicles in winter weather over holidays. Guidance of 50,000 vehicles for the second half of 2016 is maintained.
Best Buy Co Inc (NYSE:BBY), dropped -0.52% and closed at $37.98 in the last trading session. The last trading range of the stock ranges between $37.88 and $38.72. The company’s Market capitalization is $12.05 Billion with the total Outstanding Shares of 317.27 million. For more than 50 years, customers have relied on Best Buy to assist them learn about and enjoy consumer electronics. Now Best Buy’s Ignite program gives customers access to even more of the most recent technology from some of the world’s most inventive entrepreneurs and startups in consumer electronics.
Key features of the program include dedicated store space for products and services from startups; a new section on BestBuy.com where customers can browse, learn about, and purchase the newest products from startups; and a partnership with PCH, a product innovation company that works closely with startups to assist get their products into consumers’ hands, faster and at a lower cost.
Tenaris SA (ADR)(NYSE:TS), lost -0.45% and closed at $28.55 in the last trading session. The last trading range of the stock ranges between $28.43 and $29.02. During the 52-week trading session the minimum price at which share price traded, registered at $18.53 and reached to max level of $29.89. Tenaris S.A., through its auxiliaries, manufactures and distributes steel pipe products and other related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations that include casings and tubings, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, non-tubular accessories, and devices, in addition to technical consulting, pipe administration, and field services. It also provides offshore line pipe products comprising top tensioned and steel catenary risers, export lines and flow lines, bends, corrosion resistant alloys, coiled line pipes, umbilical tubing, and coated pipes; seamless and welded tubes for onshore line pipe; various seamless steel tubes and pipes for refineries, petrochemical, and gas-processing plants; and tubular products for the power generation industry. In addition, the company offers sucker rods, couplings, and accessories, in addition to technical support services; and coiled tubing. Further, it provides a range of seamless tubes and tube-based components for car manufacturers and their suppliers; and hot-rolled and cold-drawn seamless steel tubes and components for use in standard mechanical engineering application, and civil and industrial installations, in addition to for manufacturing earth-moving machines, architectural structures, non-oil drilling systems, and gas cylinders.