4 Consumer Stock Stories for Thursday Investment Shopping

Tesla Motors (NASDAQ:TSLA): Current price $43.89

Tesla Chief Executive Elon Musk is promoting bill in Texas that would permit the electric-vehicle manufacturer to sell their cars there through its retail stores. Presently, the laws of Texas mandate that a new car is allowed to be sold solely through franchised dealerships. This bill, supported by the California billionaire, would let the electric-vehicle manufacturers to sell cars directly to customers in Texas. Mull said that “What we’re asking for from the Texas Legislature is really simple. Let us sell our cars directly to the people of Texas like we’re able to do in most of the country.”

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TSLA

J.C. Penney & Co. (NYSE:JCP): Current price $14.73

It looks as if the billionaire investor Bill Ackman is staying with J.C. Penney regardless of his previous support of former chief executive Ron Johnson, who was pitched out earlier this week following his year-long stint at the iconic retailer failed to bring back sales, said FoxBusiness. Even though the Johnson fiasco was a major faux pas for the retailer and ignited fears that the firm might have to use the help of bankruptcy protection, Ackman will maintain his interest and position on the Penney board, according to The New York Post. Ackman, who holds around 18 percent of Penney’s outstanding shares, was at the forefront of Johnson’s appointment to CEO in 2011.

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JCP

General Motors Company (NYSE:GM): Current price $29.45

The top executives of GM have reaffirmed their commitment to the firm’s loss-making European subsidiary Opel, pledging to invest another €4 billion in the company. In a news conference held at the automaker’s German headquarters Wednesday, Chairman and Chief Executive Dan Akerson said that GM was “fully supportive of the Opel turnaround plan” and that it “must have a strong presence in Europe and especially here in Germany.” Akerson also said that GM had okayed the investment of 4 billion euros in Europe by 2016, but did not report any new plant closures or other specific measures to improve earnings.

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GM

Burger King Worldwide (NASDAQ:BKW): Current price $19.15

The firm on Thursday reported an evolution of its senior management team as Chief Executive Bernardo Hees and Chief Financial Officer Daniel Schwartz assume new positions within the company. Hees will continue to serve as Chief Executive until the earlier of the completion of the purchase of H.J. Heinz Company or July 1, at which point he will be named to the role of Vice Chairman, Board of Directors. Upon completion of the Heinz transaction, Hees will assume the new role of Chief Executive, H.J. Heinz Company. Daniel Schwartz is appointed to the role of Chief Operating Officer, reporting to Hees.

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BKW

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