Toyota Motors Stops Production At Plants After Blast In Tianjin

The auto making firm has decided to hold back production of cars in two plants situated in the northen region of China, following the blast in Tianjin.

Toyota Motors has reportedly decided to discontinue some of the production activities at two of its most important production plants following the blast that took place in the chemical plant in Tianjin last week. According to an article published in the Wall Street, it was seen that the Japanese firm is going to halt operations in the plant for a period of three days.

Both these plants of the auto giant are in the northern region of China, which explains why the halt is being observed. This discontinuation is being observed from Monday to Wednesday, where the firm will see to it that the evacuation is done to the fullest. There have been given instructions by the authorities to make sure all the safety measures are taken well so that further business activities can be done without an issue.

This will not only take place in the TEDA plant, but production will also be stopped from three days at the Xiqing plant. Even though this plant is not very near to the area where the chemical plant blew up, the reason for halt of manufacturing in the plant is due to the necessities needed from the TEDA plant without which it is not possible to carry out activities in Xiqing.

Since a lot of other automobile countries have had their cars effected from the deadly blast that took place, companies like Volkwagen AG was also seen, along with Toyota, to see how much damage has so far been done to their assets that were present around the blast. The Tianjin is reportedly the biggest import hub for automobile in the country which got quite damaged after the blast subsided. According to Renault SA, a French auto making company, a huge number of around 1500 cars became a wreck following the blast which is something that has raised concerns of auto makers present all around the where the explosion took place.

As for Toyota, the firm reported that the blast shook up all of building that the Japanese hybrid car owners owned in Tianjin and also ended up breaking the windows and glass of almost all the fragile material around. The logistics building that belonged to the firm also got completely damaged which is why the firm is now observing a still in the production houses.

Recent news has also confirmed that quite a number of other cars manufactured by different companies like Beetles and Volkswagen were also destroyed whereas the latter was not seen to give a definite number to the press.

Bidness Etc - Why Tesla Motors Should Not Be Taken Over By Apple Inc

In the most recent press conference that was held by Apple Inc on 9th March 2015, various questions were raised by the shareholders whether the company plans to take over Tesla Motors Inc (NASDAQ:TSLA) from the massive revenue that the company makes in every quarter. These questions, however, were completely ignored by the CEO of the company which created a feeling of doubt among the investors and created a feel of uncertainty among them about the future plans of the company.
Apple Inc scheduled the press release to launch it's new Apple Watch which is smart watch with many unique features that have not been offered by any other tech company before. During the press conference at the launch, many shareholders kept the topic of merging of the two companies alive by asking the CEO pressing questions about his plans for acquisitions but Cook was too smart to avoid the questions and the topic was hence dismissed.
One more question was raised by an Apple user who was also a Tesla fan and he inquired if the company had any plans to buy some stake in the auto making company to which Cook skillfully replied that he would like the auto-making firm to work with other automakers in the industry and collectively use the tech company’s new infotainment system for the cars called the CarPlay in which the car drivers will be able to connect their iPhones to the dashboard of their automobiles and freely make a video call to anyone, thus avoiding the real question.
According to the analysts at Bidness ETC, even though it is great to know that Apple is thinking about taking shares of Tesla, this will not work very well in the company’s favor as it is yet not automotive company and will take a lot of time to finally establish itself in the industry by which getting into the auto industry by taking the electric car makers’ shares will not be a wise move.
Many similarities between the companies have become evident in the past couple of years and this is a fact that cannot be denied. The most prominent of the similarity between the two giants is that both have been bringing huge changes to their particular industries by being extremely innovative in whatever that they do.
Nevertheless, both the companies have different aims and goals which are why the decision of a merger has been deemed as improvident.

Bidness Etc - Tesla Motors Doubles Workforce

Tesla Motors is seen to be expanding its business as it is employing new people for new projects quite rapidly. According to a report by Wall Street, the company has set goals to hit new highs in the upcoming quarters for which it is currently working to hire more and expand more. A company that was founded only a decade ago has been flying high with the production and sales of electric cars and plans to continue with the success.
Growth of the company has increased briskly in the past couple of years. The company’s development is evident from its past sales as in 2012, the automakers only managed to sell a few thousand Model S sedans, while in 2014 the electric car makers were successful in selling around 30,000 electric vehicles.
Analysts are of the opinion that Tesla (NASDAQ: TSLA) is not ready yet to back down and this is something that should interest the investors and the company’s fans alike.
According to analysts at Wall Street, the electric car making company has on track in expanding in business and its workforce by double the number of employees that it had last year.
Currently, Tesla aims at stepping into the already established markets and take huge steps to enter places that it has not yet reached. For that purpose, the American company has raised its workforce from a total of 5,859 employees in 2013 to 10,161 workers in 2014, marking an eminent rise in the employees of the company.
In a press conference held at the start of 2015, Tesla’s CEO Elon Musk declared that Apple Inc (NASDAQ: AAPL) is trying to steal the auto company’s employees for the purpose a classified car project, by hiring them on a higher pay scale. These employees, according to Musk, were the most talented employees of the company and he complained that Apple was stealing them from his company by offering them huge bonuses and around a 60% raise in salaries.
However, a report by Bloomberg states that Tesla has been successful in hiring around 160 Apple employees which are more in number than the workers Apple has taken away from the automakers.
Elon Musk also mentioned in a recent conference that it is a probability that the company’s sales stay under expectations for the next five years, up until the time when around a million electric vehicles will be getting produced by the company, a statement that shows that Tesla is working hard to increase its volume of production.

Bidness Etc - Tesla Motors to See A Rise In Stock Price

Tesla Motors’s stock value is to rise to $255.69, as analysed by 13 analysts, and that too in the short term only. The lowest estimation for the short term price target is $70 while the highest expectation for the short term price target to reach is $400. The standard discrepancy in the price was recorded at $89.74.
Financial equity firms that have commented on the shares of the company have different opinions on the price target given to the shares. JP Morgan has given a low grading to the shares of the car making company with respect to the guidance report the company released to its investors. The shares of Tesla Motors (NASDAQ:TSLA) have been observing a decline and so the stock experts have declared the shares to be ‘underweight’ at the rating house. Only earlier the same day, the shares had the rating of ‘Neutral’ before observing a drop. JP Morgan has further lowered the company’s shares price target from $180 to $175.
Tesla Motors rose to 0.28% and slowly made way to become one of the gainers at the trading session of the day. The share price was recorded at $205.7 at the time the session started and did not rise any more from that point on. The lowest price that the company’s share faced was $201.5 and the session ended with the share price coming out at $204.35.The daily volume of the shares was observed at 396518 shares.
The company’s 52-week low was registered at $177.22 and 52-week high was reported at $219.42.Tesla Motors ended its last trading session at $203.77 and has a total market value of $25,622 million.
As for the short interest shares of the company, the shares saw a rise in the volume by 3.2% which made total shares come at a total of 809,218 shares.
Tesla Motors is a corporation headed by CEO Elon Musk that creates and develops high tech cars. The company was founded in the state of California, United States back in 2003 and since then has not failed to make a name in the auto industry. It also owns sales and networking services that it uses to market the company’s products. The cars made by the company are sleek and classic with an attractive look. The electric cars made by the company are popular all over in the US. The company is also working towards expansion of business in China currently.