Tesla Motors (NASDAQ:TSLA) said Wednesday that it will commence operations in December at its new European Distribution Center in Tilburg, The Netherlands, marking a key step towards the start of global distribution of its Model S. This new facility will the firm’s European service and parts headquarters, and also the final assembly and distribution point for Model S vehicles sold on the Continent. General output of the European left-hand version of Model S should begin in March.
On Wednesday, JetBlue Airways Corporation (NASDAQ:JBLU) announced its preliminary traffic results for November: Traffic increased by 5.7 percent year-over-year from 2011, on a capacity rise of 8 percent. In addition, load factor for the month was 81.5 percent, marking a drop of 1.8 points, again year-over-year.
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Netflix (NASDAQ:NFLX) saw its price target upgraded from $80 to $105 at Morgan Stanley Wednesday morning, with analyst Scott Devitt keeping his Overweight, or Buy. Devitt commented that the shares are “on course to potentially disrupt the long-standing premium cable ecosystem,” adding that the deal that Netflix announced last week with The Walt Disney Company (NYSE:DIS) “is meaningful in that it is Netflix’s second output deal with a major film studio as well as the fact that it is Disney, one of the most successful film franchises.”
Microsoft Corporation’s (NASDAQ:MSFT) Surface will be for sale at Best Buy’s Web site on Wednesday beginning at 2 p.m. Pacific Time, and then on Sunday at Best Buy retail outlets and select Best Buy Mobile stores. Meanwhile, Staples will have the tablet available as soon as Wednesday. The timetable was originally set for early in 2013, but merchandisers pushed for earlier releases.