Shares of Tesla Motors Inc (NASDAQ:TSLA) ended Wednesday session in red amid volatile trading. The shares closed down -1.12 points or -0.55% at $201.71 with 3.64 million shares getting traded. Post opening the session at $205.50, the shares hit an intraday low of $200.71 and an intraday high of $206.50 and the price vacillated in this range throughout the day. The company has a market cap of $30.76 billion and the numbers of outstanding shares have been calculated to be 148.69 million shares.
Tesla Motors Inc (TSLA) designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. It primarily offers sedans and sport utility vehicles. The company also offers electric vehicle powertrain components and systems to other manufacturers. Tesla Motors, Inc. sells its products through a network of Tesla stores and galleries, as well as through Internet. The company was founded in 2003 and is headquartered in Palo Alto, California.
Shares of Johnson Controls Inc (NYSE:JCI) ended Wednesday session in red amid volatile trading. The shares closed down -1.68 points or -3.44% at $47.22 with 10.75 million shares getting traded. Post opening the session at $48.83, the shares hit an intraday low of $47.07 and an intraday high of $48.93 and the price vacillated in this range throughout the day. The company has a market cap of $30.48 billion and the numbers of outstanding shares have been calculated to be 637.75 million shares.
On Sept. 6, 2016 With a vision to create a safe, comfortable and sustainable world, a newly formed Johnson Controls (JCI) begins operations following the successful completion of its merger with Tyco, marking a historic turning point for both companies.
By uniting Johnson Controls, the number one provider of building efficiency solutions with Tyco, the number one provider of fire and security solutions, the new company is uniquely positioned as a leader in products, technologies and integrated solutions for the buildings and energy sectors.
With $30 billion in revenue and 117,000 employees (following the anticipated spinoff of the Adient automotive business in October), this powerful combination brings together best-in-class product, technology and service capabilities across controls, fire, security, HVAC and energy storage, to serve the full spectrum of end markets including large institutions, government, commercial buildings, retail, industrial, small business and residential. Tyco and Johnson Controls’ buildings platforms create immediate opportunities for growth through cross-selling, complementary branch and distribution channel networks, and expanded global reach for established businesses.
Longer term, the company is uniquely positioned to drive new innovations in technology and business models to support the smart buildings, campuses and cities of the future as well as building upon strategic, high value-added services driven by data analytics and connectivity like the Retail Solutions and Connected Services businesses. Johnson Controls also will have one of the largest energy storage platforms with capabilities spanning the technology spectrum to serve an expanding global energy storage market.
“We are more than just two businesses that have come together – we are now one team uniquely positioned to create value,” said Alex Molinaroli, Johnson Controls chairman and CEO. “Our combined insights and world class technologies will help build even smarter, more secure and more sustainable environments that help our customers win and broadly move the world forward.”