Benzinga  2 hrs ago  Comment 
Shares of Tesla Motors Inc (NASDAQ: TSLA) were trading lower by more than 3 percent after Goldman Sachs downgraded the stock to from Buy to Neutral with a price target slashed from $240 to $185. Jim Cramer offered his take on the downgrade on...
Benzinga  4 hrs ago  Comment 
Forbes  4 hrs ago  Comment 
Tesla has notched yet another achievement in its inexorable, iconoclastic rise as a from-the-ground-up player in the global automotive industry: It made the Interbrand Best Global Brands list of 100 top brands worldwide -- at No. 100.
TechCrunch  5 hrs ago  Comment 
With Cruise and Waze and Uber and Comma and Otto and Tesla and all the rest, it’s clear that the automotive world is on the edge of a dramatic cliff. Things are about to change and fast. It’s why we heavily featured mobility companies a few...
TechCrunch  Oct 5  Comment 
 Ontario tech firm Clearpath Robotics has raised $30 million in a Series B round of venture funding to scale up production of its self-driving vehicles. They’re not exactly Teslas or Google self-driving cars. Intsead, Clearpath makes vehicles...
BBC News  Oct 5  Comment 
Tesla's former rival in pioneering electric cars, Henrik Fisker, has re-entered the electric car market with two new models.


Tesla Motors (TSLA) (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles. Its first product, Tesla Roadster, is the first federally compliant electric vehicle that can travel on on the highway. The company has intellectual property in its electric powertrain technology. The company has a distribution network of 12 stores in North America and Europe. The company plans to release the Model S later on in the year. [1]

Electric automobile industry is an attractive industry. With the success of the hybrid vehicles, consumer tastes are changing. Furthermore, with government intervention, Tesla was able to receive a $465.0 million long-term loan under the United States Department of Energy’s Advanced Technology Vehicles Manufacturing Incentive Program. According to Frost & Sullivan, a business research and consulting firm, the market for electric-based vehicles, which include hybrids and plug-in hybrid cars, is expected to grow from 1.75 million, 3% of new cars sold, in 2008 to 10.6 million worldwide, 14% of new cars sold, by 2015. [1]

The company's initial public offering of stock filed on the NASDAQ and went public on 29 June 2010. It was priced at $17, above the initial price range of $14-$16. The major shareholders include VantagePoint Venture Partners, Bay Area Equity Fund, and others. Toyota also made a $50 million private placement. [2] [1]

For FY2009 with year ended 31 December 2009, the company reported total revenues of $111.94 million, a large increase from $14.74 million in total revenue for FY2008. Furthermore, the company had a net loss of $55.74 million for FY2009, an increase from $82.78 million in net loss for FY2008. [1]


  1. 1.0 1.1 1.2 1.3 Tesla S-1/A
  2. Tech Crunch
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