Tesla Motors (NASDAQ:TSLA) has been able to tackle the "range anxiety" that drivers of electric cars experience on long excursions by building out a fleet of strategically placed charging stations. Now Tesla's exporting the concept. The company opened its first European charging station this week.
Yes, Tesla's aiming for more than just the automotive market in this country. Tesla has big plans to get China, Europe, and the rest of the world to embrace its line of premium plug-in vehicles.
This is a smart step for Tesla, especially as investors may start to get concerned about the size of the addressable domestic market for luxury plug-in sedans. There's a whole world out there for Tesla to explore.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Shares of salesforce.com (NYSE:CRM) bucked Friday's sell-off, climbing nearly 13% after posting better-than-expected results. The cloud-based provider of enterprise software solutions also offered up encouraging guidance.
- The Fresh Market (UNKNOWN:TFM.DL) went the other way. Shares took a hit after the premium grocer lowered the high end of its bottom-line outlook for the year.
- Electronic Arts (NASDAQ:EA) rolled out Madden 25, the latest installment of the iconic NFL video game franchise, on Tuesday. It's been 25 years since the game hit the market, and fans keep buying the game to get updated annual rosters and enhanced features. They say there's a Madden curse that strikes the player landing on the cover of the game, as more than a few have been injured the following season. The real Madden curse is having to buy the game every year. EA is so darn sneaky. It's a trick play!