Tesla Motors Inc Stock Added As Default On Apple’s OS X

Tesla Stock Apple

Tesla Motors Inc (NASDAQ:TSLA) is now one of Apple Inc. (NASDAQ:AAPL)’s default selections on OS X 10.10 stocks to follow. Street Insider noticed the change:

Analysts and journalists alike have been touting similarities between Apple Inc. (NASDAQ:AAPL) and Tesla Motors Inc (NASDAQ:TSLA). Both companies have that “cool” factor, and both have been major disruptors in their markets.

Now Apple Inc. (NASDAQ:AAPL) is basically promoting Tesla Motors Inc (NASDAQ:TSLA) by adding it as a default stock in OS X 10.10. As you can see, Tesla has been placed just ahead Microsoft Corporation (NASDAQ:MSFT). Of course Apple is at the top of the list after the three major U.S. stock indexes, followed by Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) and Yahoo! Inc. (NASDAQ:YHOO).

Tesla part of momentum stock “trifecta”

Both Tesla Motors Inc (NASDAQ:TSLA) and Apple Inc. (NASDAQ:AAPL) are considered in one writer’s “trifecta” of momentum stocks. Writing on The Street, ValuEngine market strategist Richard Suttmeier noted that Tesla shares have risen 11% since May 12, putting the automaker in second place in the race. Tesla’s 200-day simple moving average is around $181, although its weekly charge is positive. The automaker’s five-week modified moving average is around $203.

Netflix, Inc. (NASDAQ:NFLX) is in first place in the race, trading at a low of $299.50 toward the end of April but soaring up to nearly $423 a share this week. That marks a 22% increase and puts the stock’s 200-day simple moving average at around $355.

Apple Inc. (NASDAQ:AAPL) is in third place with a 6% gain since May 12. The company’s multi-year intraday high was around $644 at the end of May. Suttmeier notes that Apple was overbought, with a five-week modified moving average of around $594.

Amazon, Google also mentioned

Suttmeier also looked at Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) and Amazon.com, Inc. (NASDAQ:AMZN) in his report. Google has risen nearly 5% since May 12 with a year to date intraday low of $511 toward the end of April and passing $577 a share toward the end of May.

Amazon.com, Inc. (NASDAQ:AMZN) has risen 2% in the same time frame. The company has a year to date low of around $284 a share in early May and has been under its 200-day simple moving average since early in April. However, this week the company’s chart has shifted to the positive as it closed higher than its five-week modified moving average on Monday.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Michelle Jones
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Michelle has been with ValueWalk since 2012 and is now our editor-in-chief. Email her at Mjones@valuewalk.com.

3 Comments on "Tesla Motors Inc Stock Added As Default On Apple’s OS X"

  1. I am planning on buying a Telsa by the end of the year

  2. Maybe it’s so we can watch Tesla plummet as Apple climbs…

  3. Gabriel Seneca | Jun 3, 2014, 2:37 pm at 2:37 pm |

    DEFAULT: a failure to act…
    Tesla Motors Inc. is a whisker from profitability, but now Jalopnik may have widened the non-GAAP by asking ‘Where The Hell Are Tesla’s Battery Swapping Stations?’
    Surely Elon Musk has got another photo opportunity lined up to explain, complete with more wishful high tech animations.
    Is that what Apple means by default?

Leave a comment

Your email address will not be published.