QUOTE AND NEWS
Forbes  34 min ago  Comment 
Tesla has generated a number of headlines recently, ranging from its $2.6 billion deal to acquire SolarCity, to what role its autopilot system may have played in at least one fatal accident. But when it turns in Q2 results after the bell...
Yahoo  39 min ago  Comment 
Tesla Motors Inc. has already announced a miss on vehicle deliveries, the planned takeover of SolarCity and all its debts, and a master plan that requires tens of billions of dollars in investment -- all ...
Reuters  4 hrs ago  Comment 
After four rocky years as a publicly traded company in the volatile renewable energy sector, SolarCity Corp may now be wading into an equally uncertain future.
Forbes  5 hrs ago  Comment 
Elon Musk takes center stage tonight
SeekingAlpha  5 hrs ago  Comment 
Motley Fool  Aug 3  Comment 
Launched too late to be recognized in Tesla's second-quarter deliveries, investors may get a glimpse of how more aggressively priced Model S and X vehicles are affecting demand for the second half of 2016.
Insurance Journal  Aug 2  Comment 
Consumers are more aware of self-driving cars, but slightly less interested in riding in them, according to two surveys conducted after a fatal crash of a Tesla equipped with self-driving technology. An online survey of more than 1,500 Americans...
Insurance Journal  Aug 2  Comment 
Tesla Motors Inc. told U.S. Senate Commerce Committee staff it is considering two theories that may help explain what led to the May 7 fatal crash that killed a Florida man who was using the car’s “Autopilot” system, a person …




 
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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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