QUOTE AND NEWS
TheStreet.com  Mar 28  Comment 
NEW YORK (TheStreet) -- Tesla Motors tanked Friday after two analysts reports cited concerns with the high-end electric vehicle maker. Storage maker EMC  dropped sharply after Pacific Crest downgraded the stock. Hewlett-Packard fell...
TechCrunch  Mar 27  Comment 
 This week’s tech news included big announcements from Facebook and Y-Combinator, a sighting of the Tesla Model X on the road, a controversial Indiana bill that has tech leaders up in arms, and the launch of Periscope, a Twitter app that has...
Wall Street Journal  Mar 27  Comment 
Tesla has provided auto executives and regulators a better view into the nascent electric vehicle market, but now it is in focus for another reason: autonomous vehicles.
Benzinga  Mar 27  Comment 
Andrew Fund, CLSA analyst, downgraded Tesla Motors Inc (NASDAQ: TSLA) to Underperform from Outperform and reduced his price target from $275 to $220 on Wednesday. Fund was on CNBC to explain the reasons behind the downgrade. Margins Will...
MarketWatch  Mar 27  Comment 
Shares of Tesla Motors Inc. on Friday looked poised to end the week down more than 7%, their worst weekly performance in more than three months, as the electric car maker seeks to reshape its approach to China and a research firm worried about the...
Benzinga  Mar 27  Comment 
Research firm Global Equities Research recently conducted routine checks at Tesla Motors Inc (NASDAQ: TSLA)'s factory in Fremont, California. In a report issued Thursday, Trip Chowdhry provided an incremental update on the state of...
Benzinga  Mar 27  Comment 
Tesla Motors Inc (NASDAQ: TSLA) will localize both engineering and production in China within three years, according to a report on Shanghai Daily. On Friday, Tesla CEO Elon Musk told Xinhua, "We have a strong long-term commitment to China,...
TheStreet.com  Mar 27  Comment 
NEW YORK (TheStreet) -- Shares of Tesla Motors are lower in pre-market trading today, down 0.92% to $188.65, as registrations of the electric vehicle makers' Model S sedans in China fell 45% in February from the previous month, according to JL...
TheStreet.com  Mar 26  Comment 
NEW YORK (TheStreet) -- Tesla Motors missed the mark by a significant distance when it reported its fourth-quarter earnings last month. But will the electric car maker do so again in the first quarter? Tesla reported a loss of 13 cents a...




 
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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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