Helping it gain traction in China’s fast-growing EV market, Tesla (NASDAQ: TSLA) has reached an agreement to set up a wholly owned factory in Shanghai’s free-trade zone, WSJ reports. Tesla to build factory in China The arrangement, the first of its kind for a foreign automaker, could enable Tesla to slash production costs, but it will still […]
The Buz On Tesla Motors Today
Tesla Motors The U.S. electric car market includes the established automakers such as Ford (F) and Chevrolet (GM). But one company stands out from the car maker mix, and that is Tesla Motors (TSLA). Tesla entered the media spotlight in 2013 along with its CEO Elon Musk when it unleashed its flagship car the Model S
Tesla’s release has been a hit with not only car buyers, but also catapulted the company into the spotlight as one of the few successful independent automakers along with being a pioneer when it comes to the electric car market.
The Model S, a sleek luxury sedan that starts at $69,000, has received top ratings from the trade industry and the press. Car & Driver has given the car five stars, and when the Model S first came out in 2013 Tesla made headlines when trade press gave it laurels. The electric plug-in car received a near perfect score of 99 out of 100 from Consumer Reports, which also named it as “the best car ever tested.” (For more, see: The Economics Of Owning A Tesla Car.)
By September 2014 the car hit all-time sales records in the U.S. with 2,500 sold, and in Q1 2015 sales reached a new high at 10,030. It is now considered a staple within the electric car stratosphere. The company’s market capitalization, as of May 24, 2015 was $31.3 billion.
Tesla fired hundreds Tesla (NASDAQ: TSLA) fired several hundred employees over the past week, including engineers, managers and factory workers, the San Jose Mercury News reported on Friday. Tesla fired hundreds of California employees this past week The dismissals, which TSLA says were part of a company-wide annual review, came even as the company pushes to increase vehicle production […]
Tesla sells $1.8B of bonds at 5.3% yield in upsized offering Tesla sells $1.8B of bonds(NASDAQ:TSLA) says it raised $1.8B, $300M more than expected, at a 5.3% yield in its first traditional bond offering, marking a vote of confidencein the company and another sign of investors’ appetite for corporate debt at a time when government bonds provide […]
TESLA BATTERY EXPERT’S DEPARTURE COULD FUEL OUTPUT JITTERS The reported departure of (NASDAQ:Tesla’s) director of battery technology could fuel jitters about the company’s production challenges. Bloomberg reported the battery expert Kurt Kelty resigned after 11 years at the company. A former long-serving (Panasonic:6752) employee, Kelty was credited with a key role in the setting up […]
|Chart | Calendar | TRADE NOW | FORCAST | STOCKS Pros/Positives for Toyota Flying Car BUZ INVESTORS Flying Cars Project If automakers have learned anything from Tesla Inc (NASDAQ:TSLA), it’s that innovation is good for stock prices. It’s easy to win a market that you create. Toyota Motor Corp (NYSE:(TM) seems to have taken this lesson to heart, because it’s building…a Toyota flying car. No, […]