Stocks Making Moves: Is Arizona Courting Tesla?

Arizona may have more than just helpful intentions behind its new legislation aiding Tesla in the battle against the dealership business model. Also, FedEx places quarterly earnings blame in some strange places.

Mar 20, 2014 at 7:14PM

FedEx (NYSE:FDX) is down today after the company announced quarterly earnings. The CEO stated, among other things, that some of the blame for the quarter was on online retailers, who were sloppy and didn't attach labels correctly. Meanwhile, Tesla Motors (NASDAQ:TSLA) is making progress when it comes to battling states for the right to sell directly to customers. An Arizona senate panel voted to allow the company to bypass dealers and sell directly to customers. The decision may be partly motivated by Arizona's desire to become the home of Tesla's new multi-billion dollar "gigabattery" facility.

In this segment from Thursday's Investor Beat, host Alison Southwick and Motley Fool analyst Tim Hanson take a look at two stocks making moves on the market today.

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Alison Southwick has no position in any stocks mentioned. Tim Hanson has no position in any stocks mentioned. The Motley Fool recommends FedEx and Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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