TECH in AMERICA (TiA)

SHARING AMERICA'S TECH NEWS FROM THE VALLEY TO THE ALLEY

Tesla Motors set to move up as Oracle moves over

by A.M.Watts

When Billionaire Elon Musk set out to become a leader in the EV industry with his Tesla Motors Inc. (NASDAQ:TSLA), we cannot imagine that not only would the  the stock practically triple in price this year, it would also fast become a staple item among lovers of luxury vehicles, namely celebrities.  Tesla’s Model S is said to be a contributing factor in the company’s growth.

Tesla’s swift move up the corporate power ladder has it slated to replace Larry Ellison’s Oracle Corp.(NASDAQ:ORCL) for the last slot of NASDAQ’s-100.  An interesting time as move as Oracle makes a radical switch to the NYSE as of Monday,  July 15, 2013.  Though Oracle announced the move last month, an 8.1 percent drop of it’s 146.5 market cap, could very well be the impetus to the move,  as it is a first of its size.

Thank you, TiA

image courtesy: commons.wikimedia.org

image courtesy: commons.wikimedia.org

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