Watch List Stock News: Tesla (TSLA)

 Tesla (TSLA) performed -0.56% to trade value at $305.8 in recent trading session and its total traded volume was 5836410 shares versus to an average volume of 7381.83K. The company has market cap of $51539.53 million. The stock has monthly performance of -9.67% while its yearly performance remained at -11.36%.

Tesla (TSLA) reported that it had acquired Maxwell Technologies, a deal that is expected to be finalized by mid-2019. Maxwell Technologies, which already supplies lithium-ion batteries for EVs manufactured by other automakers, can help Tesla reduce the per kilowatt-hour costs of its batteries.

In fact, one of the most interesting parts of the deal is not the current ultra capacitors that Maxwell manufactures for use in today’s EVs, but the company’s proprietary dry-electrode technology. According to analyst Kyle Peters, Maxwell’s dry electrode technology is a significant step forward in Tesla’s goal of reducing battery costs. “By reducing battery costs, which are typically the most expensive component of an electric vehicle, Tesla can offer lower priced EVs that will very likely feature a longer range. These are major steps that Tesla needs to take to make their vehicles more affordable, which has been a major roadblock to faster adoption across all EV suppliers.”

 The stock demonstrated move of -2.05% in previous 5 days graph. Its quarterly performance stands with the percentage of -10.34% while its year to date performance showed change of -8.11%.

 The Company has an insider ownership of 0.30% and institutional ownership remained 61.20%. Its return on investment (ROI) for the last 12 month was -6.50% and its return on equity (ROE) of -41.90% while return on assets (ROA) is at -6.30%.

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