QUOTE AND NEWS
Benzinga  May 9  Comment 
It's not uncommon for Apple Inc. (NASDAQ: AAPL) to dominate a week's worth of tech headlines. This week Tesla Motors Inc (NASDAQ: TSLA) took center stage and dominated the space. Tesla Made Its First Acquisition, Confusing Impatient...
Motley Fool  May 9  Comment 
The debate continues: Is Tesla's electric car poised to disrupt the auto industry?
Motley Fool  May 9  Comment 
Understanding Tesla CEO Elon Musk's vision for the company's Gigafactory.
Market Intelligence Center  May 9  Comment 
The electric carmaker Tesla Motors (TSLA) cheered investors’ with better-than-expected first-quarter results after the closing bell on Wednesday. The company recorded smaller loss than expected on record deliveries, swiping away the negative...
Benzinga  May 8  Comment 
Tesla Motors Inc (NASDAQ: TSLA) recently came out with its first-quarter earnings, which were slightly better than the Street's estimates. While the Street was expecting the company to post a EPS loss of $0.50 on revenue of $1.04 billion, Tesla...
Benzinga  May 8  Comment 
According to Bloomberg estimates, Tesla Motors Inc (NASDAQ: TSLA)'s new batteries, launched just one week ago, have already generated $800 billion in potential revenue for the company. “Crazy Off-The-Hook” demand In Wednesday’s...
TechCrunch  May 8  Comment 
 Tesla Motors has acquired Michigan-based Riviera Tool, Tesla confirms. This purchase marks Tesla’s first presence in Michigan, a state where the auto maker is not allowed to sell its vehicles. Read More
Forbes  May 8  Comment 
The world now knows. The future will be powered by batteries. The recent announcement by Elon Musk of his Tesla Motors’ Tesla Powerwall has begun to focus attention on the potential of this technology to combine with distributed solar power...
USAToday.com  May 8  Comment 
It turns out that the stock is linked to a company acquired in 2007




 
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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