Shares of Tesla Motors Inc (NASDAQ:TSLA) ended Tuesday session in green amid volatile trading. The shares closed up +5.05 points or 2.55% at $202.83 with 4.39 million shares getting traded. Post opening the session at $199.02, the shares hit an intraday low of $199.00 and an intraday high of $203.25 and the price vacillated in this range throughout the day. The company has a market cap of $29.71 billion and the numbers of outstanding shares have been calculated to be 148.69 million shares.
Tesla Motors Inc (TSLA) on Jul 3, 2016 produced 18,345 vehicles in Q2, an increase of 20% from Q1, and exited the quarter consistently producing just under 2,000 vehicles per week. Due to the steep production ramp, almost half of the quarter’s production occurred in the final four weeks.
With continued productivity improvements, Tesla expects output to reach 2,200 vehicles per week in Q3 and 2,400 vehicles per week in Q4. Current order rate trends and backlog support production at those levels. In total, Tesla expects to produce and deliver about 50,000 vehicles during the second half of 2016, approximately equal to all of 2015.
Due to the extreme production ramp in Q2 and the high mix of customer-ordered vehicles still on trucks and ships at the end of the quarter, Tesla Q2 deliveries were lower than anticipated at 14,370 vehicles, consisting of 9,745 Model S and 4,625 Model X. In total, 5,150 customer-ordered vehicles were still in transit at the end of the quarter and will be delivered in early Q3. That amount was higher than expected (there were 2,615 vehicles in transit to customers at the end of Q1) and is more than a third of the number of cars that completed delivery in Q2.
Shares of General Mills, Inc. (NYSE:GIS) ended Tuesday session in red amid volatile trading. The shares closed down -0.03 points or -0.04% at $70.90 with 3.57 million shares getting traded. Post opening the session at $71.04, the shares hit an intraday low of $70.36 and an intraday high of $71.33 and the price vacillated in this range throughout the day. The company has a market cap of $43.01 billion and the numbers of outstanding shares have been calculated to be 599.55 million shares.
General Mills, Inc. (GIS) plans to webcast two September investor presentations.
On Wednesday, September 7, 2016, the company will present at the Barclays Global Consumer Staples Conference. The presentation and webcast are scheduled to begin at 12:45 p.m. Eastern Daylight Time.
General Mills also plans to announce fiscal 2017 first-quarter results on Wednesday, September 21, 2016. A press release will be issued that morning, followed by a webcast conference call for interested investors beginning at 8:30 a.m. Eastern Daylight Time.
These webcasts will be available on General Mills’ corporate website at www.generalmills.com.