QUOTE AND NEWS
Clusterstock  11 min ago  Comment 
It's starting to look as if the United Auto Workers is preparing to mount a serious unionization effort at Tesla's factory in Fremont, CA. A union at Tesla has been rumored since last year, but the process has intensified in the last week as a...
MarketWatch  14 min ago  Comment 
U.S. valuations are arguably stretched, but before you throw in the towel on the entire market, maybe just start with one stock — Tesla. Shares have rallied since early December, but look due a for selloff, Saxo Bank says
Benzinga  Feb 16  Comment 
Tesla Inc (NASDAQ: TSLA) shares are down more than 3.8 percent on Thursday after Bloomberg published a new interview with CEO Elon Musk. Musk didn’t discuss Tesla and its critical upcoming launch of the Model 3. He didn’t discuss Tesla’s...
Benzinga  Feb 16  Comment 
Workers at Tesla Inc (NASDAQ: TSLA) are in contact with the United Auto Workers union. According to a Reuters report, UAW President Dennis Williams said the union is indeed in contact with Tesla's employees in Silicon Valley but this doesn't...
SeekingAlpha  Feb 16  Comment 
Motley Fool  Feb 16  Comment 
Profitability, Model 3, and guidance will come into focus.
Automotive World  Feb 16  Comment 
Underpaid and overworked or devious attempts to rally for unionisation? Musk doesn't hold back with his own interpretation of recent worker complaints. By Megan Lampinen The post Tesla points to ‘morally outrageous’ undercover agents beind...




 
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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