QUOTE AND NEWS
Clusterstock  4 hrs ago  Comment 
FRANKFURT (Reuters) - U.S. electric carmaker Tesla Motors is in talks with Germany's BMW over a possible collaboration in batteries and lightweight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel. In an interview...
Reuters  Nov 23  Comment 
U.S. electric carmaker Tesla Motors is in talks with Germany's BMW over a possible alliance in batteries and light-weight components, Tesla's Chief Executive Elon Musk told...
Benzinga  Nov 21  Comment 
Below are some notable highlights from the Ira Sohn Conference that took place in London, England. Michael Messara's Caledonia is long Zillow Inc (NYSE: Z), noting shares could be valued at $50 billion, or $770 per share given the company's...
Motley Fool  Nov 21  Comment 
Electric-car maker Tesla Motors wants to be the solution for another major market besides electric cars. Here's what you need to know.
TheStreet.com  Nov 21  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...
Motley Fool  Nov 20  Comment 
Investors shouldn't be fooled by this false claim about what Tesla defines as inventory.
Motley Fool  Nov 20  Comment 
Why investors should ignore a report about "3,000 unsold cars": Tesla's current finished goods inventory level makes perfect sense.
MarketWatch  Nov 20  Comment 
Tesla Motors Inc. is looking at entering the India car market and selling its upcoming mass-market sedan, according to news reports in Indian newspapers. Tesla Chief Information Officer, Jay Vijayan, was quoted as saying a major roadblock would...




 
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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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