Tag Archives: stock

Tesla Share prices drop after Model S catches fire

Tesla

Shares of Tesla Motors dropped more than 6 percent yesterday after images and YouTube videos of a Model S in flames were posted on popular automotive blogs and news sites.

The incident happened Tuesday after 8 a.m. in Seattle, Washington as the driver was traveling southbound on state Route 167. The fire began in the cars battery after the driver reportedly struck debris on the highway.

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Canadian Goverment Ready to Unload GM Stake

GM-building-US-Flag

According to a report from Bloomberg, the Canadian Government is planning to sell its stake in General Motors and has already begun to search for investment banks who may be interested. The news doesn’t exactly come as a surprise, since Finance Minister Jim Flaherty announced back in December that Canada wanted to eventually sell its shares of GM stock.

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