QUOTE AND NEWS
Motley Fool  6 hrs ago  Comment 
Tesla just gave investors more reasons to believe it can reach its ambitious sales target for Model S this year.
CNNMoney.com  Jul 17  Comment 
If you want to merge onto the highway from a dead stop in less than three seconds, you no longer have to buy a Ferrari or a Lamborghini. Tesla will now offer a "Ludicrous Mode" on its high-powered P85D all-electric sedan.
TechCrunch  Jul 17  Comment 
 The first car Tesla ever built, the Roadster, hasn’t gotten a whole lot of love lately. They stopped building them back in 2012, after all. It looks like the Roadster is set for a revival, though. Buried deep in today’s other Tesla news was...
USAToday.com  Jul 17  Comment 
Tesla shares jump ahead of secret reveal
Forbes  Jul 17  Comment 
Time will tell if Faraday Future is for real.  But the electric car startup has attracted some real talent.
TechCrunch  Jul 16  Comment 
 We just got the official word: Tesla is announcing something tomorrow. What is that “something”? We… actually have no idea at the moment. I’d love to say “YEAH! GET HYPED! NEW ANNOUNCEMENTS THAT WILL BE SUPER INTERESTING!” for the...
Clusterstock  Jul 16  Comment 
Some buzz has developed over the past day or so about Faraday Future, an electric-car startup that's claiming it will being a high-tech new car to market by 2017. There's abundant confusion about what the company is, who's running it, and how...
Clusterstock  Jul 16  Comment 
At the moment, in terms of electric vehicle technology, the biggest rival to BMW is Tesla. Tesla has been the leader in pure EVs for quite some time now. Tesla is one of many Silicon Valley EV startups, but it’s the only one to actually make...
Automotive World  Jul 16  Comment 
On the heels of Tesla’s (NASDAQ: TSLA) recent announcement that Model S worldwide has driven more than one billion miles, Tesla kicks off The Next Billion Tour to give customers across the country the opportunity to get behind the wheel of Model...




 
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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