NEW YORK, NY / ACCESSWIRE / June 18, 2018 / Tesla's CEO Elon Musk keeps scooping up shares as he bought 72,500 more shares this month. One of the company's vehicles also made headlines for shooting flames, as it belonged to the director husband of actress Mary McCormack. Ford Motor Company also announced recently that it has acquired the iconic Michigan Central Station.
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Tesla, Inc. shares closed up a modest 0.13% on Friday with about 10.3 million shares traded. It was reported over the weekend that Mary McCormack, who has played on the hit show The West Wing as well as Murder One, shared a video of her director and producer husband Michael Morris' Tesla vehicle shooting flames while sitting in traffic. She said that there had been "no accident" and that it was "out of the blue." Tesla called the event an "an extraordinarily unusual occurrence" and said that it is investigating. McCormack had said, "This is what happened to my husband and his car today. No accident, out of the blue, in traffic on Santa Monica Boulevard. Thank you to the kind couple who flagged him down and told him to pull over. And thank god my three little girls weren't in the car with him." It was also reported that CEO Elon Musk had purchased more shares of the company. He bought 72,500 shares at a share price between $342.44 and $347.44.
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Ford Motor Company shares were flat in Friday trading on higher volume than usual at roughly 56 million shares traded. The company announced that it has acquired the iconic Michigan Central Station. According to the automaker's press release, the company "intends to transform it into the centerpiece of a vibrant new campus in Detroit's Corktown neighborhood that will serve as an innovation hub for Ford's vision for the future of transportation." The company's executive chairman, Bill Ford, remarked, "Michigan Central Station is a powerful symbol of Detroit's struggles and now its resurgence, but Ford's investment in Corktown is far from symbolic. We aren't just making a bet on Detroit. We are making a big bet on the future for Ford and the future of transportation. It's exciting to imagine what's possible as we build tomorrow, together." The company will be hosting a community Open House on Friday, June 22 through Sunday, June 24 for an inside look at Michigan Central Station before they transform it.
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