QUOTE AND NEWS
Forbes  7 hrs ago  Comment 
It would be hard to find someone happier than an investor who bought Tesla Motors stock two years ago and has held on since. Sure, there have been bumps in the road and piques of volatility along the way but since March 2013 Tesla has jumped over...
Motley Fool  7 hrs ago  Comment 
Here are three important developments that investors should know about Tesla Motors this month.
MarketWatch  8 hrs ago  Comment 
Warren Buffett on Tuesday dismissed the possible threat from Tesla Motors Inc.'s direct-sales distribution system on Berkshire Hathaway Inc.'s automotive dealership business. "What Tesla does with it, we'll find out. But I do not see the...
Motley Fool  8 hrs ago  Comment 
Tesla CEO Elon Musk has left very little mystery surrounding the company's April 30 event. And one analyst is already doubting Tesla's unannounced product's potential.
Clusterstock  8 hrs ago  Comment 
Challengers to Elon Musk and electric car maker Tesla have, for the most part, fallen woefully short in terms of making a battery-powered car that can match the range of the Model S.  Just have a look at this Goldman Sachs chart that identifies...
TheStreet.com  10 hrs ago  Comment 
SANTA CLARA, Calif. (TheStreet) -- As speculation grows that Apple may enter the electric vehicle market, Tesla Motors , which has done as much as any company to popularize the business, says it would gladly welcome the world's best known...
Forbes  Mar 31  Comment 
The Silicon Valley based electric vehicle manufacturer will dispatch a software update to the vehicles that will add new features like range assurance, trip planning, new safety features, and self-driving capability. These technological...
Clusterstock  Mar 31  Comment 
On Monday, Tesla made headlines when CEO Elon Musk tweeted that Tesla would announce a new product — but not a car — at an event on April 30.  Following this news, Business Insider's Ben Zhang and Matt DeBord said that based on previous...
Motley Fool  Mar 31  Comment 
More details emerge on Tesla's position and plans in China. Progress is slow, but steady.
Benzinga  Mar 31  Comment 
Tesla Motors Inc (NASDAQ: TSLA) recently held a press conference to tell the world about its plan to solve range anxiety. The announcements were praised by some analysts, but former General Motors Company (NYSE: GM) executive Tony Posawatz...




 
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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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