QUOTE AND NEWS
Reuters  5 hrs ago  Comment 
Tesla's stock and bond prices dropped on Wednesday after Chief Executive Elon Musk renewed an attack on a British caver whom he had previously insulted on social media and a day after Mercedes unveiled a challenge to the electric car maker.
SeekingAlpha  10 hrs ago  Comment 
Motley Fool  Sep 5  Comment 
The Audi e-tron is a long-range battery-electric SUV, coming to the U.S. soon.
Channel News Asia  Sep 5  Comment 
Tesla's stock and bond prices dropped on Wednesday after Chief Executive Elon Musk renewed an attack on a British caver whom he had previously insulted on social media and a day after Mercedes unveiled a challenge to the electric car maker.
Clusterstock  Sep 5  Comment 
Tesla CEO Elon Musk has hired two lawyers, Roel Campos and Steven Farina, as the Securities and Exchange Commission reportedly investigates statements Musk made about converting Tesla into a private company, Fox Business Network reports. Campos...
Yahoo  Sep 5  Comment 
FBN's Charlie Gasparino on the potential legal fallout from Tesla CEO Elon Musk's tweet about potentially taking the company private.
Benzinga  Sep 5  Comment 
Some want him to step down. Others want him to just stop talking. But Tesla Inc (NASDAQ: TSLA) CEO Elon Musk continues to dent the profile of the otherwise sleek automaker with his unfiltered, non-PC prattling. What Happened Despite having...
CNNMoney.com  Sep 5  Comment 
The lawyer for a British caver has described the latest reported insults against his client by Elon Musk as "vile and false," repeating a vow to sue the tech billionaire.




 
TOP CONTRIBUTORS

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]

References

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