QUOTE AND NEWS
TechCrunch  Aug 29  Comment 
 Elon Musk has warned us about robots taking over with the help of AI. He’s even donated money to make sure that it doesn’t happen. However, it sure does seem like Tesla relies on robots quite a bit, even if they’re not being primed to turn...
Forbes  Aug 29  Comment 
There was something vaguely unsettling in how Consumer Reports this week crowed that the new Tesla Model S P85D is so good that it "broke" the magazine's vaunted vehicle-rating system, on which millions of Americans depend for what they believe...
Wall Street Journal  Aug 28  Comment 
Tesla Motors wants the Obama administration to talk to Xi Jinping about making it easier for auto makers to do business in China during the Chinese president’s visit to the U.S.
Wall Street Journal  Aug 28  Comment 
Forbes  Aug 28  Comment 
  Consumers pay a great deal of attention to what Tesla does. In Consumer Reports, they give its models top ratings. Investors pay a great deal to Tesla, too. They have put the value the company at $31B, close to that of GM?s -- though Tesla?s...
Benzinga  Aug 28  Comment 
Tesla Motors Inc (NASDAQ: TSLA) is building a battery factory, called GigaFactory, in Nevada. The $5 billion investment is aimed at reducing battery costs by roughly 30 percent, “partly by bringing in in-house materials suppliers,” a Wall...
Yahoo  Aug 28  Comment 
There's so much hype surrounding Tesla, but how do you actually go about buying one? We decided to find out.
Automotive World  Aug 28  Comment 
The new P85D is not just scoring highly in tests, it’s breaking the rules with the assistance of innovative safety tech The post The Tesla Model S P85D “broke the system” appeared first on Automotive World.
NPR  Aug 28  Comment 
"It kind of broke the system," says Jake Fisher, director of the magazine's auto test division. Tesla's stock rose 8 percent Thursday.
TheStreet.com  Aug 27  Comment 
NEW YORK (TheStreet) -- Tesla Motors  investors are pretty passionate about the company and put its CEO Elon Musk on the same pedestal as other visionary thinkers and doers of the past 20 years. Musk appears on cover of the Sept. 7 issue of...




 
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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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