QUOTE AND NEWS
Benzinga  9 hrs ago  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday June 24 through Sunday June 26, 2016: SolarCity Board Members Recuse Themselves from Voting on Tesla Offer The Rumor: Two SolarCity Corp (NASDAQ: SCTY)...
Motley Fool  Jun 26  Comment 
If adoption of electric vehicles is going to grow, there needs to be more infrastructure to support the industry.
Forbes  Jun 26  Comment 
Needless to say, Tesla Motors got hammered on all fronts this week.
Motley Fool  Jun 26  Comment 
After Tesla's surprising offer to buy SolarCity last week, investors are still evaluating whether this potential deal makes sense. Can Elon Musk convince you it does?
Wall Street Journal  Jun 26  Comment 
Clusterstock  Jun 25  Comment 
By Nichola Groom and Liana B. Baker (Reuters) - Two additional SolarCity Corp board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla Motors Inc's offer to buy the solar power company, in a bid to...
Forbes  Jun 25  Comment 
Whether successful or not, the Tesla Solar City merger offers a teaching opportunity about the scale problems with dreams to ‘green’ the highways and the grid using batteries.
TechCrunch  Jun 25  Comment 
 Chinese-backed electric car maker Faraday Future says it is working on a self-driving vehicle. The company not so secretly owned by LeTV joins a growing list of tech companies making autonomous cars, including Google, Tesla, Apple (big rumor)...
Motley Fool  Jun 24  Comment 
While opinions on the deal run rampant, here's the facts to mull over.




 
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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