NEW YORK, NY / ACCESSWIRE / March 29, 2017 / Amazon and Tesla have made significant moves to expand their product lines nationally and internationally, moving their shares upward today. As American companies continue to encounter global competition for their products, these companies are responding by increasing their global presence.

RDI Initiates Coverage:

Amazon.com, Inc. https://ub.rdinvesting.com/news/?ticker=AMZN

Tesla Inc. https://ub.rdinvesting.com/news/?ticker=TSLA

Amazon.com streaked 1.08% to close at $856.00 on Tuesday. The stock traded between $858.46 and $850.10 on volume of 3.04 million shares traded. Yesterday, Amazon expanded its e-commerce presence by buying Middle Eastern E-Commerce site Souq.com. By purchasing Souq.com, which has nearly 45 million visits per month with presence in Gulf Countries and Egypt, for reportedly more than $1 billion can be considered acceptable risk for Amazon as it now has a firm foothold in a Middle Eastern online shopping market that is relatively small, but has considerable growth potential.

Amazon also opened its drive-in-grocery delivery stores today in Seattle, Washington. The two stores, called AmazonFresh Pickup, are a part of a trial program currently only available to employees, but will expand to all Amazon Prime members in the future. The company also announced its plans to open a new fulfillment center in Clear Brook, Virginia. More than 1,000 full-time associate roles will be available. The online giant, which has started its business by selling books, has successfully expanded its business by implementing innovative business ideas and unique products to their customers, is now focusing on grocery business and it is attempting to launch AI based cashier free convenience store. Perhaps, the strength in the Amazon's stock price lies in its ability to come up with new and successful business ideas while exploring new markets.

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Tesla advanced 2.68% to close at $277.45 on Tuesday. The stock traded between $280.68 and $275.00 on volume of 7.99 million shares traded. Tesla's stock rise yesterday can be summed up in a single word ? Tencent is the most valuable company in China, and its announced $1.8 billion investment in Tesla bodes well for Tesla's future growth. The Tencent investment amounts to a 5% stake in Tesla. The company, which produces electric cars, has moved forward into mass production of its electric cars, developing and producing the Model 3, with a price tag of the $35,000.

Tesla has now almost same market cap as that of Ford but Tesla's sales is a fractional in comparison to the Ford's sales. Some investors are not getting overly excited about the deal as there are higher priced models Tesla produces that are not selling, including the Model S and Model X. As Elon Musk recently tweeted video showing model 3 prototype and saying it is almost ready, there are chances of delay in production and final delivery of the Model 3. American automaker General Motors is increasing pressure on the Model 3 as it has its own electric car, the Chevy Bolt, as an alternative for environmentally concerned consumers.

Access RDI's Tesla Research Report at: https://ub.rdinvesting.com/news/?ticker=TSLA

Our Actionable Research on Amazon.com, Inc. (NASDAQ: AMZN) and Tesla Inc. (NASDAQ: TSLA) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, a CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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