QUOTE AND NEWS
Motley Fool  4 hrs ago  Comment 
When Tesla reports second-quarter deliveries in a few days, rising Model X production may help Tesla easily beat its own guidance.
Motley Fool  4 hrs ago  Comment 
Tesla’s offer of $2.8 billion in stock for SolarCity has a few upsides -- but a few more red flag issues.
Motley Fool  11 hrs ago  Comment 
Many analysts are leery of Tesla's buyout, but it could be great news for SolarCity stock.
Benzinga  Jun 29  Comment 
When consumers enter a typical Apple Inc. (NASDAQ: AAPL) store, they can purchase a smartphone, tablet, music player, smartwatch and a computer in one shot. Apple also offers educational activities, including free presentations that offer...
Motley Fool  Jun 29  Comment 
Vertically integrating solar with energy storage and EVs sounds good on paper, but it doesn't have a business model yet.
Forbes  Jun 29  Comment 
Store-within-a-store concepts have grown popular recently, but Nordstrom's latest turns off the beaten path. Will its Tesla pop-up in a Los Angeles store generate foot traffic and sales, or is it another tech-hinged hail Mary distraction?
Reuters  Jun 29  Comment 
An investor group called on Tesla Motors Corp on Tuesday to add two independent directors to its board and separate the roles of chairman and chief executive as it highlighted founder and CEO Elon Musk's dominance of the board in the wake of...




 
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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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