Today’s Research Reports On Stocks To Watch: Tesla And Ford

NEW YORK, NY / ACCESSWIRE / October 11, 2018 / Automakers Ford and Tesla were in the red on Wednesday. Ford shares sank to lows it hasn’t seen in six years, with the company announcing a recall this week on its $400,000 GT sports car. It was reported that James Murdoch may be in the running to be Tesla’s next chairman but CEO Elon Musk fired back on that report calling it incorrect on Twitter.

RDI Initiates Coverage on:

Tesla, Inc.

>https://rdinvesting.com/news/?ticker=TSLA

Ford Motor Company

>https://rdinvesting.com/news/?ticker=F

Tesla, Inc. shares were down 2.25% on Wednesday and down another 1.82% in after-hours trading after it was revealed that James Murdoch may be the guy taking CEO Elon Musk's place as chairman of the company. According to the Financial Times, outgoing Twenty-First Century Fox Inc CEO James Murdoch is the lead candidate to replace Musk. However, Musk took to Twitter to say that the report was "incorrect." The Financial Times had cited two people who were briefed on discussions over the matter. Murdoch is currently a non-executive director of Tesla and has indicated he would like the position. Musk has to give up his role as chairman for a minimum of three years under the settlement with the SEC he has.

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Tesla, Inc. Research Report at:

>https://rdinvesting.com/news/?ticker=TSLA

Ford Motor Company shares were down 1.45% on about 54 million shares traded on Wednesday. The automaker hit a new low of $8.81 after announcing that it is recalling the $400,000 GT sports cars for fire risk. "In affected vehicles, hydraulic fluid may leak from the valve block assembly located underneath the rear wing onto the exhaust and may cause a fire. Ford is aware of one fire that occurred in Germany with no injuries. Ford is not aware of any accidents or injuries as a result of this condition," said Ford in a statement. The company also saw losses on Tuesday, sliding under $9 for the first time in six years as traders look for reassurance from Ford's CEO Jim Hackett. The company has told employees it will be slashing its workforce but no word on how many employees will be let go. Ford said to CNBC, "We are in the early stages of reorganizing our global salaried workforce to support the company's strategic objectives, create a more dynamic and empowering work environment, and become more fit as a business. The reorganization will result in headcount reduction over time and this will vary based on team and location."

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Ford Motor Company Research Report at:

>https://rdinvesting.com/news/?ticker=F

Our Actionable Research on Tesla, Inc. (NASDAQ: TSLA) and Ford Motor Company (NYSE: F) can be downloaded free of charge at Research Driven Investing.

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Source : https://finance.yahoo.com/news/today-research-reports-stocks-watch-120000185.html

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Today's Research Reports on Stocks to Watch: Tesla and Ford Motor