Stocks to Watch: Tesla, Verizon, Apple
NEW YORK -- Tesla Motors
Partnering with Wells Fargo
Wells Fargo and US Bank have agreed to put down 10% financing of the purchase price of the Model S with the 10% payment covered by state and federal tax credits. Customers will still have to put down the down payment, but the financing is cheap, with an interest rate of less than 3%, said CEO Elon Musk.
"This announcement is about improving affordability and giving people peace of mind," Musk said. "I do expect that demand will respond accordingly." Musk added that he expects at least half of Tesla's customers, maybe more, will choose this option.
Verizon owns the other 55% of Verizon Wireless. Verizon did say it was still interested in buying out Vodafone's stake in Verizon Wireless.
"It does not, however, currently have any intention to merge with or make an offer for Vodafone, whether alone or in conjunction with others," Verizon said in a statement.
Ache ranks fourth in terms of overall Brazilian drug sales but leads in prescription medicines, according to Reuters.
The next iPhone from Apple
Apple plans to begin producing a refreshed iPhone similar in size and shape to its current one within the next three months, the report said.
Apple also is working on a cheaper iPhone model, the newspaper reported Tuesday.
-- Written by Joseph Woelfel
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