Tesla is getting serious about its next vehicle, the highly anticipated Model X. So serious that the company is shutting down production of the Model S sedan for two weeks at its factory in Fremont, Calif. to install new equipment.
Tesla Motors Inc. (TSLA) expects to record annual sales of 500,000 vehicles by 2020, and that ambitious target will require the automaker to continue expanding in various foreign markets. The company, which has already expanded into China and Norway, is now rumored to be looking into starting operations out of Japan, where it expects to achieve cost savings while tapping an important market.
By Andrei Volgin:I admire Tesla Motors (TSLA) and wish the company all the best, but I strongly believe that its shares are greatly overvalued. As an investor, whenever I see that the market values a company several times more or less than my own assessment, I always ask two questions: What are the other investors missing? And, when are they going to realize that their expectations are wrong?
Tesla Motors has accomplished many remarkable things in its short life as a startup maker of electric cars. But, to clear up a common misperception, its supporters should understand that it has not--yet--made a profit in its core business: designing, building, and selling the Model S all-electric luxury sport sedan.
Tesla Motors, Inc.’s (TSLA) fight to retain a controversial direct sales business model amid increasing criticism from auto dealers took a new turn as the Senate Committee in Arizona passed a bill yesterday that will allow the maker of electric cars to sell its vehicles directly through its own outlets.
There are two very different approaches when it comes to electric cars that yield different kinds of cars, address different target markets and use different kinds of batteries. The first approach is to build the best vehicle possible using electric power, aiming to compete with the best ICE cars, using commodity batteries.