The Globe’s stars and dogs for the week GlobeInvestor
How to improve the range of your Tesla: Buy a really, really long extension cord. How to improve the performance of your investment portfolio: Avoid Tesla’s shares. The notoriously volatile stock skidded after the electric car maker delivered fewer vehicles than analysts expected in the first quarter and warned that its results will “be negatively impacted” by the delivery shortfall and “several pricing adjustments.
Shares of the company, whose PowerBuoys system converts ocean wave energy into electricity, surged after it announced a feasibility study with an unnamed oil and gas company decommissioning wells in the Gulf of Mexico. But the stock plunged the next day after Ocean Power announced a US$15-million secondary offering of shares priced at US$3.50 each – less than half of the previous day’s close. Investors are feeling seasick.
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