QUOTE AND NEWS
USAToday.com  Oct 19  Comment 
It's the latest state to wage a fight over the issue
SeekingAlpha  Oct 18  Comment 
By Matthew D. McCall: Tesla Motors Inc (NASDAQ: TSLA) founded in 2003 by visionary Elon Musk is the first car U.S.-based auto company in decades that has the ability to become a major play in the industry. With a market cap of $29 billion it is...
Forbes  Oct 17  Comment 
Michigan has tried hard to change its image from that of a bastion for the Detroit auto companies. But some state lawmakers are trying to convince Gov. Rick Snyder to inadvertently give the car companies protection against billionaire Elon Musk...
Forbes  Oct 17  Comment 
Tesla plans a $5 billion gigafactory to produce battery packs for as many as 500,000 cars by 2020. How the project is coming together.
MarketWatch  Oct 17  Comment 
Tesla Motors Inc. has called on its fans to contact the governor of Michigan to urge his veto on a bill that would bar Tesla from selling cars directly to consumers, bypassing dealerships. Consumers got a "raw deal" in Michigan, Tesla said in a...
TheStreet.com  Oct 17  Comment 
NEW YORK (TheStreet) -- Shares of Tesla Motors are up 2.1% to $231.11 in pre-market trade after MLV & Co. began coverage on the shares of the electric car company in a note issued today. The firm set a "buy" rating and a $300 price target on...
Market Intelligence Center  Oct 17  Comment 
After Thursday’s trading in Tesla Motors Inc. (TSLA) MarketIntelligenceCenter.com's option trade-picking algorithms uncovered a trade that offers a 8.91% or 50.79% (for comparison purposes only), while providing 8.73% downside protection. The...
StreetInsider.com  Oct 17  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Tesla+Motors+%28TSLA%29+Issues+Response+to+Michigan+Blocking+Direct-Sales+Model/9918944.html for the full story.
StreetInsider.com  Oct 16  Comment 
The following is a list of notable articles to help get you through the lunch hour: Raymond James Drops Coverage of GT Advanced (GTAT) (GTATQ) Following Delisting; Reiterates Equity Likely 'Worthless' -> Read this! Ebola Patient in Dallas Said...
Forbes  Oct 16  Comment 
Tesla is transforming every aspect of the modern automobile. And it’s going to change our lives. Imagine sitting in a movie theater while your car becomes a self-driving taxi. Instead of paying $10 for parking, your car collects $100 in taxi...




 
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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