QUOTE AND NEWS
Japan Today  1 hr ago  Comment 
Tesla has unveiled speedy new model electric cars capable of traveling more than 300 miles (482 kilometers) before needing to be recharged. A Model S P100D with "Ludicrous mode" was billed by Tesla founder Elon Musk as the third fastest...
Clusterstock  5 hrs ago  Comment 
With the introduction of the Model S P100D, Tesla just unleashed the fastest accelerating production car on sale today. When equipped with twin-electric motors and a 100-kilowatt-hour battery pack, Tesla claims that the performance-spec Model S...
Motley Fool  Aug 22  Comment 
A new, lower-priced Model S is positioned to drive sales growth -- and this bodes well for the company's more recent introduction of a lower-priced Model X.
Clusterstock  Aug 21  Comment 
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Motley Fool  Aug 20  Comment 
Tesla Model X deliveries will likely move closer to rivaling Model S this quarter. Here's one analyst's expectations for the new Tesla vehicle.
Clusterstock  Aug 20  Comment 
Tesla is in the news so much, and CEO Elon Musk is so good at keeping Tesla cool and sexy, that it's easy to forget that the automaker has been around for a decade. It's story is exciting: It's the first new, viable American car company since...
Clusterstock  Aug 19  Comment 
Mercedes unveiled a stunning concept car on Thursday evening at Pebble Beach, in California, that offers a glimpse into the future of high-performance luxury motoring. On display at Monterey Car Week, the Vision Mercedes-Maybach 6 is first...
MarketWatch  Aug 19  Comment 
There’s a mystique about Tesla Motors’ electric vehicles that borders on the cultlike.
Automotive World  Aug 19  Comment 
Uber is teaming with Volvo, not Tesla, on the development of autonomous vehicles for its taxi fleet. By Megan Lampinen The post Uber sees self-driving promise in Volvo’s SPA appeared first on Automotive World.




 
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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