QUOTE AND NEWS
Clusterstock  1 hr ago  Comment 
One of the most hotly debated topics at Tesla's recent shareholder meeting was the availability of non-animal-based interior materials. Several investors at the meeting — including a representative from People for the Ethical Treatment of...
TheStreet.com  2 hrs ago  Comment 
NEW YORK (TheStreet) -- BlackBerry tanked after reporting a first-quarter earnings and revenue miss. Tesla Motors soared after it reaffirmed its Model 3 production remains on track. Facebook surges after unveiling a new format for its...
CNNMoney.com  4 hrs ago  Comment 
Tesla Model S owners have driven a total of one billion miles, the company said Tuesday.
Automotive World  10 hrs ago  Comment 
BY PAUL PRICE. Ford is offering something of a halfway house between the full-blown open-access offered by Tesla and the default offering under many patent laws of a compulsory licence being available via the national patent office The post...
MarketWatch  Jun 23  Comment 
Electric-car manufacturer Tesla is working for a rebound in China after last year’s disappointing sales, reports Caixin Online.
Financial Times  Jun 22  Comment 
Unit to capture and use surplus electricity from solar panels is touted as cheap and practical
Clusterstock  Jun 22  Comment 
Tesla has captivated the world, but consumer demand for electric vehicles is actually still quite low.  The problem is batteries. The technology has a long way to go in order to be long-range as well as affordable. Tesla has delivered the...
Yahoo  Jun 22  Comment 
Elon Musk has a lofty goal for Tesla: to sell 500,000 cars a year by 2020. He'll need more choices and a whole lot of cash. Here's how Tesla can reach that goal.
TheStreet.com  Jun 22  Comment 
NEW YORK (TheStreet) -- Shares of Tesla Motors Inc  were down 0.96% to $260 in midday trading Monday, following reports that the company will delay the launch of its Model 3 car, according to Business Insider. The company may be pushing...
Forbes  Jun 22  Comment 
In early trading on Monday, shares of VimpelCom (VIP) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.6%. Year to date, VimpelCom registers a 33.7% gain.




 
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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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