QUOTE AND NEWS
Benzinga  1 hr ago  Comment 
Analysts at Goldman Sachs met with Tesla Motors (NASDAQ: TSLA) executives in Chicago and Denver on April 8 and 9. One key word the analysts used to describe their meeting was “surprised.” “The biggest surprise for us was the company's...
TheStreet.com  5 hrs ago  Comment 
NEW YORK (TheStreet) -- Shares of Tesla Motors Inc. are down -4.17% to $207.88 on Thursday. Tesla is trading on lower than normal volume of 2.86 million shares compared to their average 8.72 million. The company is in the midst of a Lemon-Law...
SeekingAlpha  6 hrs ago  Comment 
By Blue Ridge Buffettologist: With a market cap approaching $27,000,000,000, Tesla (TSLA) is priced to perfection. Anyone who believes that Tesla is a buy or a hold at these levels must believe that Tesla is coated with Teflon and will execute its...
StreetInsider.com  8 hrs ago  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Tesla+Motors+%28TSLA%29+Responds+to+%27Lemon+Law+King%27/9370172.html for the full story.
Automotive World  8 hrs ago  Comment 
While most EV owners rate their vehicles very highly, global uptake rates remain low. Tesla is addressing the problem partly through its retail approach, and has announced a new leasing programme for small and medium businesses. This is the...
NPR  Apr 10  Comment 
Car dealers across the country have been fighting the electric carmaker, which sells directly to consumers. Tesla argues that it needs to pitch its product differently, but what about competition?
SeekingAlpha  Apr 10  Comment 
By Bill Maurer: It's that time of the month again. We've gotten the latest round of short interest data from NASDAQ. One name that really stands out this time around is Tesla Motors (TSLA). The electric vehicle maker saw a large drop in short...
Yahoo  Apr 10  Comment 
Tesla Motors Inc. (TSLA), the electric-car maker, plans to start selling its luxury sedans in China this month and said the company's co-founder, billionaire Elon Musk, will be there to kick off the effort. Elon is going to be doing that...
Benzinga  Apr 9  Comment 
Tesla Motors (NASDAQ: TSLA) announced Tuesday a new business leasing program for small and mid-size businesses. Business owners can take advantage of tax credits by leasing a Model S for only $5,000 down and $408 a month. “Our leasing...
Insurance Journal  Apr 9  Comment 
Wisconsin’s self-proclaimed lemon law king filed a lawsuit against direct-order car maker Tesla Motors, accusing the company of selling a defective electric sedan to a Franklin doctor. Tesla is currently fighting new regulations in New Jersey...




 
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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