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Stock Market

  • Tesla Motors, Palo Alto, California

    Tesla announced Friday that it has added two independent directors to the company's board: Kathleen Wilson-Thompson and Larry Ellison. Yes, it’s that Larry Ellison—the Oracle founder, and one of the richest men in the world, who made a cameo alongside Musk in Iron Man 2. Ellison lives a jet-setting lifestyle—including a lot of gasoline-swilling exotic-car ownership bragging rights—although he’s done much good as a philanthropist and innovation-minded investor. He’s been a longtime Tesla booster, and the announcement notes that Ellison purchased 3 million...

  • 2017 Tesla Model S
    Tesla has become a U.S. Big Three carmaker (by market value)

    Tesla Motors has spent more than 10 years beating the odds for startup automakers. Most new, independent makers barely survive long enough to produce a handful of vehicles, let alone sell more than 100,000 and garner praise from both customers and the media—as the electric-car startup has...

  • Tesla Motors, Palo Alto, California
    Tesla Motors Announces New Stock Sale Of $500 Million

    It had to come, and it did: Tesla Motors is selling more stock to bolster its cash position as it prepares to launch its second high-volume electric car. The California company announced this morning it would offer $500 million in new common stock And, the company noted, CEO Elon Musk "intends to...

  • Computer-generated image of proposed Tesla Motors Gigafactory
    Tesla Needs Cash? $6 Billion Required Through 2025, Says Goldman Sachs

    Carmaking is very, very, very expensive. A conventional vehicle platform or architecture generally costs about $1 billion to design, engineer, test, certify, and put into production. And the various models derived from that architecture usually last about seven years. Multiply that by multiple...

  • 2014 Tesla Model S
    Tesla's Elon Musk Should Stop Making Electric Cars, Focus On Batteries, Bond Trader Says

    Elon Musk has probably been given a lot of advice during his time at Tesla--some good, and some bad. Bond manager Jeffrey Gundlach is the latest to offer his own take on the business to Musk though--and it isn't what you might be expecting. According to Bloomberg, Gundlach has suggested the Tesla...

  • Tesla Motors, Palo Alto, California
    Is Tesla Motors Really Worth Almost Half The Value Of GM?

    Discussions of Tesla Motors sometimes seem couched in the terms of a religious tale: Tesla as David vs General Motors in the Goliath role. One company is the plucky Silicon Valley electric-car startup that's never built a vehicle with a gasoline engine. The other is the largest U.S. automaker, one...

  • 2013 Tesla Model S

    Since Tesla issued its first-quarter financials last week, its stock has been on a tear. Not only did the company have its first profitable quarter ever, but the many investors who had shorted the stock of Tesla Motors [NSDQ:TSLA] are now faced with the threat of expensive margin calls. So Tesla is taking advantage of the price runup; it announced this afternoon that it would issue up to 2.7 million to 3.1 million more shares of its common stock. At today's closing price of $84.84 per share, that would net the company $229 million to $263 million. It will also offer $450 million in...

  • Tesla Motors [NSDQ:TSLA] stock price for 5 days ending Feb 21, 2013 [Yahoo Finance]
    Tesla Stock Sinks After Release Of 2012 Financial Results

    Yesterday was a bumpy ride for the stockholders of electric-car maker Tesla Motors [NSDQ:TSLA]. Following the company's Wednesday release of its 2012 financial results, including an after-hours conference call, the stock plummeted yesterday. Before the earnings call, it had closed Wednesday at...

  • 2012 Tesla Model S beta vehicle, Fremont, CA, October 2011
    Is Tomorrow The Most Important Day Ever For Tesla Motors?

    It's never dull over at Tesla Motors, but tomorrow is a particularly important day. It may, in fact, be the most important day in the electric-car maker's history. That's because after the stock market closes, Tesla Motors [NSDQ:TSLA] will give the first hints about whether it could genuinely...

  • 2012 Tesla Model S Signature
    Tesla Stock Falls 10 Percent On Lower Model S Volume Numbers

    The price of Tesla Motors shares fell 10 percent yesterday, closing at $27.66--down $3 from the previous day's ending price--due to a reduced revenue forecast. As described in a statement filed with the SEC, Tesla Motors [NSDQ:TSLA] says it will have sold only 2,700 to 3,225 cars by the end of the...

  • 2012 Tesla Model S beta vehicle, Fremont, CA, October 2011
    Is Stock Market Betting On Tough Times To Come For Tesla?

    Only two major plug-in car startups have made it to the point of building and selling cars globally, and lately, Fisker is the one that's been in the news. But Fisker's not the only company whose long-term survival may be at issue. As Bloomberg pointed out a couple of weeks ago, Tesla Motors...

  • Ener1's Dropping Share Price (17 August)
    Lithium-ion cell maker Ener1 Stock To Be Delisted After Think Collapse

    Ener1 Inc., the battery firm charged with supplying battery packs to the ill-fated Think electric car company and parent company of EnerDel -- a $118.5 million U.S. Department of Energy loan guarantee recipient -- was officially delisted from the Nasdaq stock exchange yesterday after it failed to...

  • Elon Musk

    It may not be delivering its much-anticipated 2012 Model S Sedan to the its first customer until the middle of next year, but Californian electric automaker Tesla [NASDAQ: TSLA] is now trading higher than many of its traditional gasoline rivals on the NASDAQ exchange. At a high-point of $24.95 so far today, the electric automaker’s shares may be some way from the $35.32 high of November 2010, but hype from the recent Model S event at the NUMMI facility in Fremont, California has helped it to receive an Overweight Rating today by stock market analysts at JP Morgan Chase & Co. What is...

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