QUOTE AND NEWS
Motley Fool  Jan 7  Comment 
Trump could actually be "positive on renewables."
Clusterstock  Jan 7  Comment 
Tesla has started production of lithium-ion batteries in partnership with Panasonic at its massive Gigafactory in Nevada. Meanwhile, the carmaker is gearing up to build 500,000 vehicles by 2018 at its plant in Fremont, California. Which of...
Forbes  Jan 6  Comment 
What is it like to own and drive a Tesla? This question was originally answered on Quora by Craig Good.
Forbes  Jan 6  Comment 
Flickr/Maurizio Pesce Tesla’s Gigafactory began production on Wednesday, marking a major milestone that drew praise and excitement from just about everybody but Wall Street. Goldman Sachs and Morgan Stanley said the facility coming online does...
Motley Fool  Jan 5  Comment 
While Tesla missed its own target for vehicle deliveries in 2016, deliveries, production, and demand are still soaring.
TechCrunch  Jan 5  Comment 
CES 2017 starts tomorrow, Tesla’s Gigafactory starts battery production, Asian Snapchat clone has grown to 40-50 million users and Mark Zuckerberg’s 2017 challenge. All this on Crunch Report. Read More




 
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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