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Motley Fool  10 hrs ago  Comment 
With data suggesting Tesla's early step toward autonomous driving is already significantly reducing accidents on the highway, Elon Musk is confident in a path toward autonomous driving.
Motley Fool  Apr 29  Comment 
The founders of Tesla and Facebook disagree when it comes to the dangers of artificial intelligence.
Forbes  Apr 29  Comment 
Andre Haddad had to wait four years to get his Tesla Model X delivered. Now he'll let you drive it.
Forbes  Apr 29  Comment 
Tesla, GM, Toyota and Nissan don't need to look over their shoulders at the Chinese. They only need to look ahead, because China's electric car makers already got them beat.
Yahoo  Apr 28  Comment 
Ford Motor Co. plans to introduce a long-range electric vehicle to compete with battery-powered models coming from Tesla Motors Inc. and General Motors Co. that would go 200 miles or more on a charge.
SeekingAlpha  Apr 28  Comment 
Forbes  Apr 28  Comment 
Chinese billionaire Jia Yueting gained a lot of attention last week when he launched LeSEE, a concept electric car with autonomous driving functions that is also showing at the Beijing International Automotive Exhibition this week. Jia, founder...




 
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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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