Tesla Motors Better Watch Out For This Competitor By Scalper1 | February 19, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/S42lTGzchtw/Tech_021916_TSLA_GM_VLKAY_MBLY_NVDA_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/S42lTGzchtw/Tech_021916_TSLA_GM_VLKAY_MBLY_NVDA_sd.mp4 Loading the player… Luxury sports-car maker Aston Martin could soon be giving Tesla Motors ( TSLA ) a run for its money. This week, privately held Aston Martin said it’s partnering with China’s LeEco and California-based e-car developer Faraday Future to make its all-electric RapidE sports sedan concept a reality. The company says the car will head into production in 2018. Last September, Tesla CEO Elon Musk said his company’s $35,000 mass-market version, the Model 3, will begin production in about two years — that’s fall 2017. The Model 3 will be unveiled on March 31, with pre-orders starting then. At the low end of the market, Tesla is set to compete with General Motors ( GM ). GM’s Chevy Bolt is entering production in late 2016. Other companies, from BMW to Volkswagen ( VLKAY ), have their own all-electric models. Tesla shares fell 0.5% in below-average volume Friday, after reversing lower in the last session. The stock is now about 42% below its July high, reached just before the stock failed to break out of a cup-with-handle base. Meanwhile, Tesla chip supplier Nvidia ( NVDA ) gapped up to retake its 50-day line in Thursday’s session after issuing view-topping quarterly results late Wednesday. Nvidia shares climbed 1.7% Friday as they work on a base with a 34.04 buy point. Mobileye ( MBLY ), another Tesla tech partner, reports its quarterly results next Wednesday. Analysts expect the bottom line to jump 133%. Mobileye is trying to come off of a recent bottom near 23, trading 55% off of its peak reached last August. Mobileye rose 2% intraday Friday. Scalper1 News Scalper1 News Related posts: Tesla Stock Continues To Lose Spark, Tumbles To 2-Year Low Nvidia Retakes Critical Level As Stock Spikes On Earnings What Facebook’s Oculus, Google See In Virtual Reality’s Future Why Facebook, Google, Amazon Are Best Positioned For Mobile