Tesla (TSLA) under pressure as Ford, Nissan and GM roll out new competition for electric-car buyers

NASDAQ: TSLA | Tesla, Inc. News, Ratings, and Charts

TSLA – Ford rolls out bold new plans to invest $11 billion in electric vehicles by 2022.


  • Ford rolls out bold new plans to invest $11 billion in electric vehicles by 2022.
  • General Motors CEO Mary Barra told investors ahead of the show Friday that the company is working on an all-electric Cadillac.
  • Nissan’s luxury brand Infiniti announces all future models starting in 2021 will be “electrified,” meaning either plug-in hybrid or all-electric.

Shares of Tesla tumbled 2.4 percent as manufacturers from Detroit to Japan unveiled new competition for buyers in the electric car maker’s key market at the Detroit Auto Show.

Ford Chairman Bill Ford said Sunday the company is investing $11 billion in electric vehicles by 2022 with plans to have 40 hybrid and fully electric vehicles in its model lineup.

“We talked about a huge investment in electric vehicles. We have 16 models that are in design and development. We have a pretty big surprise coming next year,” CEO Jim Hackett told CNBC’s Phil LeBeau on the sidelines of the Detroit auto show, which kicked off Sunday.

General Motors CEO Mary Barra told investors ahead of the show Friday that the company is working on an all-electric Cadillac. Details were scant, but it’s expected to be an SUV.

Nissan’s luxury brand Infiniti announced all future models starting in 2021 will be “electrified,” meaning either plug-in hybrid or all-electric as it rolled out the QX Inspiration at Detroit. Nissan also debuted the new all-electric Leaf at the Consumer Electronics Show in Las Vegas last week.

Ford’s shares were up 2.1 percent while GM’s rose 1.6 percent. Nissan’s shares were about flat. Tesla spokesman Dave Arnold declined to comment.


Tesla Inc. shares were trading at $334.22 per share on Monday afternoon, down $13.04 (-3.76%). Year-to-date, TSLA has gained 0.43%, versus a 3.13% rise in the benchmark S&P 500 index during the same period.

TSLA currently has a StockNews.com POWR Rating of B (Buy), and is ranked #2 of 25 stocks in the Auto & Vehicle Manufacturers category.


This article is brought to you courtesy of CNBC.

TSLA at a Glance

TSLA Current POWR Rating™
Overall POWR Rating™
TSLA Current Price $302.26 12.97%
More TSLA Ratings, Data, and News

TSLA Price Reaction

The day of this event (Jan. 14, 2019)
TSLA Closing Price$334.40 3.70%
TSLA Volume5,247,200
39.05% from avg
Leading up to this event
TSLA 1-mo return5.04%
After this event
TSLA 1-day return0.82%
TSLA 3-day return0.01%

TSLA Price Chart


The Top Stocks For 2019

More Tesla, Inc. (TSLA) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All TSLA News
Page generated in 0.5589 seconds.