From Barron's Stocks to Watch:
No one expected the legacy automakers to remain on the sidelines and let Tesla Motors (TSLA) dominate electric autos. And today, there’s word on the competition as Honda Motor (HMC) and Toyota Motor (TM) both updated plans for their fuel-cell-powered vehicles.
Reuters has the details on Toyota’s and Honda’s plans:From March 7th's ""As Tesla Cools, A Few Brave Shorts Creep Back In" (TSLA)"
Honda Motor Co Ltd and Toyota Motor Corp plan to launch fuel-cell vehicles in the consumer market in 2015, with each producing about 1,000 eco-friendly cars a year, the Nikkei newspaper reported.Deutsche Bank’s Rod Lache and team think Tesla Motors has the competitive advantages necessary to withstand the competition....MORE
The automakers now offer fuel-cell cars on lease, with users centering on municipalities and businesses, the daily said.
Initial prices of these zero-emission vehicles, which cover longer distances than electric cars, will set below 10 million yen ($97,700), the Nikkei said.
The stock closed at $246.21, down $6.73. Here's the last month's action via Yahoo Finance:
From MoneyBeat:Much safer to wait for the change of direction than to try to garner headlines predicting it.
After a 32% rally in the past month, Tesla Motors Inc.TSLA -2.66% shares finally seem to have found their plateau, at least for the moment. The stock is little changed in the past five sessions, up just 1%, at around $247....MORE