Tesla Motors Inc (NASDAQ:TSLA), Microsoft Corporation (NASDAQ:MSFT) and SanDisk Corporation (NASDAQ:SNDK) were named Monday’s top trades by Tim Seymour, Steve Grasso and Guy Adami
Tim Seymour said that he does not know what the fuzz is all about regarding Tesla Motors Inc (NASDAQ:TSLA). He said that he expected the Model X to be delivered in spring of 2015. Furthermore, he said that he thinks some of the excitement around Tesla Motors Inc (NASDAQ:TSLA) is a carryover of the company’s announcement last week that they will open their patents to competitors.
Seymour added that people think that the company open-sourcing their patents show their strength. However, Seymour did say that while it shows the company’s confidence, it also opens an avenue for competitors. The Fast Money contributor said that the current run in Tesla stock is not a place he will be looking to short the stock. He also noted that the stock is currently ridiculously priced and that the company needs to increase its production tenfold to be in a significant place in the market.
The Fast Money team said, however, that Tesla Motors Inc (NASDAQ:TSLA) is about perception. They made people want to drive electric cars, Steve Grasso said.
As for Steve Grasso, he noted that Microsoft Corporation (NASDAQ:MSFT) has increased in value by 11%. He noted that the company, now under CEO Satya Nadella, has the opportunity to turn its ship around when some people have been neglecting its performance. He said that people could probably stay in Microsoft Corporation (NASDAQ:MSFT).
Meanwhile, Guy Adami discussed SanDisk Corporation (NASDAQ:SNDK) with the Fast Money team. The company has agreed to buy Fusion-IO, Inc. (NYSE:FIO), a move CEO Sanjay Mehrotra said will strengthen their portfolio for clients.
The team discussed a quote made by Fusion-IO, Inc. (NYSE:FIO) cofounder Steve Wozniak saying that being acquired is almost selling out. Adami then noted that the company which has just been acquired by SanDisk Corporation (NASDAQ:SNDK) is failing and it’s a great thing that Wozniak and his team has sold the company. He said that SanDisk Corporation (NASDAQ:SNDK) is buying Fusion-IO, Inc. (NYSE:FIO) on the cheap.
Shareholders in Tesla Motors Inc (NASDAQ:TSLA) includes Donald Chiboucis’ Columbus Circle Investors which had 57,327 shares in the company as of the end of March. Another shareholder is Israel Englander’s Millennium Management which had 54,689 shares in the company by the end of the first quarter.
Microsoft Corporation (NASDAQ:MSFT) shareholders includes Jonathon Jacobson’s Highfields Capital Management. The hedge fund reported about 7.95 million shares in the company by the end of March. Another shareholder is William B. Gray’s Orbis Investment Management with about 7.28 million shares in the same period.
Meanwhile, SanDisk Corporation (NASDAQ:SNDK) investors includes John Griffin’s Blue Ridge Capital with 2.53 million shares in the company as of the end of the first quarter. Another investor is Eric Mindich’s Eton Park Capital which had about 2.13 million shares in the California-based company.
Disclosure: None
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