Boston, MA 02/11/2014 (wallstreetpr) – Tesla Motors Inc (NASDAQ:TSLA)’s direct sales model is causing hiccups in Ohio, and the most irked are auto dealers. The businessmen and women are contesting the privilege that TSLA enjoys which in its wake, is causing them to loss business. Car buyers in Ohio and many other states where TSLA runs its unique direct sales mode prefer to place orders online or on-mobile, thus bypassing the usual headache of having to shop around and bargain with dealers. The thing here is that TSLA observes the same price for its cars. Moreover, Tesla Motors Inc (NASDAQ:TSLA) continue to receive rave reviews from industry experts, thus creating sort of a buzz around the cars.
Wells Fargo & Co (NYSE:WFC) has been sued over offensive phone calls. A Davison man claims that bank repeatedly called his mobile phone seeking payment relating to a home loan. Yet the man, Dominic Maier says he doesn’t have relationship with WFC. In fact he doesn’t even have any account with the bank and doesn’t know what ways the bank obtained his number. The said calls were allegedly made from automatic dialing system, the lawsuit claims. Mistaken phone calls have previously cost Wells Fargo about $17 million in settlement in 2012. That was when a class-action lawsuit succeeded to prove that Wells Fargo & Co (NYSE:WFC) made unwanted calls that resulted in the affected people incurring charges on their phones. Wells Fargo has not issued a statement yet regarding the lawsuit claims.
Alcatel Lucent SA (ADR) (NYSE:ALU) and Qualcomm, Inc. (NASDAQ:QCOM) have teamed up to develop multimode small cell sites that would help boost data speed and improve network coverage. The two companies first announced they were teaming up last year and now they say that the product they were working on could hit the market mid this year. The upcoming technology from the two tech companies will make it possible for telecoms operators and other data companies to incur less cost in and also save on time in driving network speed and all that pertains to data networks. Alcatel Lucent SA (ADR) (NYSE:ALU) has already engaged 65 clients in 42 countries for the adoption of the technology.
