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Clusterstock  1 hr ago  Comment 
Mercedes-Benz is officially entering the trucking industry. The Daimler subsidiary unveiled its all-electric truck at IAA, an international motor show in Hannover, Germany that runs until September 29. Scroll down for a closer look: SEE...
Clusterstock  2 hrs ago  Comment 
Last week, rumors circulated that Apple was investigating an investment in or an acquisition of British supercar maker and Formula 1 powerhouse McLaren.  McLaren said that the reporting was off the mark, but it's obvious to anyone paying...
New York Times  Sep 23  Comment 
Tesla is using a cellular network to send a software update to the Autopilot system on about 70,000 of its cars, aiming to improve safety.
Motley Fool  Sep 23  Comment 
Tesla is suing the State of Michigan for the right to sell directly to consumers, in a case with potentially huge national implications.
Forbes  Sep 23  Comment 
Tesla and SolarCity is a great, and necessary, idea for building the next platform for autos and sustainable electricity. Investors should vote to support this deal.
Motley Fool  Sep 23  Comment 
Tesla's latest hire shows where the company's focus is.
MarketWatch  Sep 23  Comment 
Among the very rich, Tesla may be losing ground versus other premium car makers.
Clusterstock  Sep 23  Comment 
Uber made a big move last week when it introduced its self-driving cars to the public as part its Pittsburgh pilot. The ability for a select few to hail a self-driving Uber is arguably the biggest public introduction to driverless tech yet....
Motley Fool  Sep 23  Comment 
Not moving fast enough to adjust to the realities of solar in 2016 could come back to haunt SolarCity.




 
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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