QUOTE AND NEWS
Yahoo  7 hrs ago  Comment 
Tesla faces new scrutiny in China about its vehicle autopilot system after state television broadcast allegations that a man killed in a fatal crash had activated the driver-assist feature of his car. ...
Insurance Journal  2 hrs ago  Comment 
Forbes  12 hrs ago  Comment 
The company claims a fraudulent email was an attempt to gain insider information.
MarketWatch  12 hrs ago  Comment 
Mobileye NV severed its ties with Tesla Motors Inc. in July after having concerns over the safety of its semi-autonomous Autopilot system, according to a report Wednesday.
New York Times  Sep 14  Comment 
The company says it has not confirmed whether the automated driver assist feature was engaged during the crash, which occurred in January.
Clusterstock  Sep 14  Comment 
These days, if you are in the market for a fully electric, long-range vehicle, your options are pretty limited.  In fact, Tesla vehicles are currently the only cars you can buy that have an official range of more than 200 miles per...
Motley Fool  Sep 14  Comment 
Autopilot may see 1 billion miles of real-world use before it makes it into Model 3 late next year.
Forbes  Sep 14  Comment 
Yesterday, General Motors announced that its upcoming all-electric Bolt will have an EPA-approved range of 238 miles. This came as quite a shock to electric carmaker Tesla’s ardent fans. According to Reuters, the Chevrolet Bolt “will be...
Clusterstock  Sep 14  Comment 
We got behind the wheel of Uber's self-driving car, and it's making us a little nervous for Tesla. First, some context: Uber invited us down to Pittsburgh to try out the driverless car that it's letting a select few hail in the city starting...
New York Times  Sep 14  Comment 
The Bolt EV by General Motors is a lower-priced electric car than the Tesla, and has similar features.
Yahoo  Sep 14  Comment 
Elon Musk has stung Germany's mighty carmakers into action.
The Hindu Business Line  Sep 14  Comment 




 
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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