QUOTE AND NEWS
Wall Street Journal  7 hrs ago  Comment 
Artificial intelligence will threaten all human jobs and could even spark a war, Tesla and SpaceX Chief Executive Elon Musk told the National Governors Association, as he called for the creation of a regulatory body to guide development of the...
Clusterstock  10 hrs ago  Comment 
Tesla's most bullish fans are overestimating its potential in the future electric-car market. Rivals like GM can ramp up production much faster and use existing EV platforms in several new models much faster than Tesla. Tesla is more likely...
Forbes  11 hrs ago  Comment 
Model 3 news this week began with a "Musk-read" tweet and a GIF that shows tweaks to the Model 3 exterior. News transitioned later in the week to how Tesla will service all of those Model 3s.
Motley Fool  Jul 14  Comment 
In order to justify its stock price, the automaker must become a leading autonomous mobility platform.
Motley Fool  Jul 14  Comment 
Scheduled just days after Tesla's first Model 3 deliveries, the electric-car maker's second-quarter update will come at a crucial time for the company. Here's what to watch.




 
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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