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Friday, June 13, 2014

BMW and Tesla executives meet to discuss electric cars, (NASDAQ: TSLA)

German premium auto maker BMW said its managers had met with executives from U.S.-based Tesla Motors Inc to discuss ways to promote the use of electric cars.Both BMW and electric car maker Tesla and are seeking ways to raise the popularity of battery-powered cars among consumers, who have been deterred by their limited range and the time it takes them to recharge."Both companies are strongly committed to the success of electro-mobility and discussed how to further strengthen the development of electro mobility on an international level," a BMW spokesman said in a statement on Friday.BMW said the meeting had taken place on Wednesday but failed to comment in detail about the nature of the talks, or about which BMW executives has met with Tesla.

Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Shares of TSLA fell by 0.46% or $-0.95/share to $203.52. In the past year, the shares have traded as low as $95.30 and as high as $265.00. On average, 6762780 shares of TSLA exchange hands on a given day and today's volume is recorded at 6000997.