Despite Tesla's wider first-quarter loss, analysts express optimism about prospects for the Palo Alto electric-car start-up.DeLorean Motor Co. never had a future to get back to. Tucker Corp. got torpedoed.
Tesla Motors Inc., propelled by praise from Consumer Reports and plans to build a better battery and expand in Asia, has cemented its place as the highest-flying automobile stock in at least two decades.
The luxury electric-car maker’s 619 percent rally in the last 12 months is unmatched by any global automaker in at least 20 years, according to data compiled by Bloomberg. Tesla’s almost 15-fold jump since its June 2010 initial public offering is also bigger than any U.S. stock that has debuted since 2006.
The Department of Energy is revamping the long dormant green car loan program that helped build Tesla Motors and Fisker Automotive, it announced today. The Advanced Technology Vehicles Manufacturing (ATVM) loan program was funded in the autumn of 2008 to distribute $25 billion in direct loans to help automakers improve the fuel efficiency of their cars.
Daimler AG (DDAIF) made a small $50 million investment in Tesla Motors Inc (TSLA) back in 2009, and is cashing out for a whopping $780 million. The sum does not even take into account the fact that Daimler transferred 40% of its investment to Aabar Investments PJSC, the investing arm of the government of Abu Dhabi. Nevertheless, the investment which initially amounted to a 9.1% stake in Tesla has finally been liquidated.
DETROIT/AUSTIN, Texas (Reuters) - Elon Musk, the chief executive of electric carmaker Tesla Motors Inc, criticized the traditional way of selling cars in the United States and indicated the model would hamper the 10-year-old U.S. automaker's growth prospects.
Elon Musk did not join Tesla Motors, take the helm as CEO, and pour hefty amounts of his own cash into the company with the hope of getting money back, he said tonight at the Wall Street Journal's D: All Things Digital Conference.