QUOTE AND NEWS
Reuters  45 min ago  Comment 
* Possible M&A deals on the table -Panasonic exec (Adds more executive comments, context)
Reuters  4 hrs ago  Comment 
Tesla Motors Inc has surprised parts makers with plans to move up the launch of high-volume production of its Model 3 to 2018, two years earlier than planned - an acceleration that supplier executives and industry consultants said would be...
Clusterstock  5 hrs ago  Comment 
Bengaluru (Reuters) - Tesla Motors Inc has raised $1.46 billion in fresh capital from the sale of its 6.8 million new common stock offering, according to IFR. Tesla seeks to finance a plan to expand production of its electric vehicles to 500,000...
Motley Fool  May 19  Comment 
Bearish sentiment stayed relatively flat for the second half of April.
Yahoo  May 19  Comment 
The Model 3 may be transformative...give or take five years.
SeekingAlpha  May 19  Comment 
Motley Fool  May 19  Comment 
Here's what investors need to know.
New York Times  May 19  Comment 
Tesla aims to make 500,000 of its lower-priced and much-sought Model 3 electric car by 2018. Raising money will help.




 
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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