The shares of Tesla Motors, Inc. (NASDAQ:TSLA) have been steadily gaining in value from the beginning of this year. Tesla Motors is having its headquarters in Palo Alto, California and its major concentration is on manufacture of electric car and powertrain components for electric cars. The shares closed at $35.36 a share on January 2, 2013 and they declined to $32.91 on January 11, 2013.
After that, the shares have been steadily climbing based on the strong sales of its four-door full-sized luxury hatchback sports sedan car, Tesla Model S. The shares received a big boost after Tesla motor car reported its first quarterly profit in 10 years at $15.4 million on May 8, 2013. The shares jumped from $55.79 on May 8, 2013 to $87.80 on May 13, 2013, with investor confidence that Tesla electric cars would perform well in future.
In fact, Simon Hacket participated in the annual Global Green Challenge conducted by Australia on October 27, 2009 with Tesla Roadster. By driving the car through the complete 313 mile or 504 km segment of the tournament in a single charge, he proved the superior capabilities of Tesla motor cars. MotorTrend editor, Kim Reynolds, accepted that that acceleration of the Roadster was breathtaking.
The analysts commented that the shares have the ability to rise due to the expectation of strong sales of Model S in the second quarter and the year 2013. The analysts pointed out Tesla motor cars had been able to obtain a market share of 9% in the United States in the premium full-size sedan car segment.
The Department of Energy of United States approved a $465 million interest bearing loan to Tesla Motors in June 2009. This funding supported the engineering design and production of the Model S, the full sized luxury sedan, the pride of Tesla motor cars. The funding also helped Tesla Motors to develop powertrain technology, which it could sell to automakers developing electric vehicles.
However, the Tesla motor cars would not be abandoning its prototype, the Tesla Roadster completely. It plans to reintroduce the Roadster in 2014 but it would be based on an altered and shortened architecture version that Tesla has developed for its latest Model S, a huge success.
After that, the shares have been steadily climbing based on the strong sales of its four-door full-sized luxury hatchback sports sedan car, Tesla Model S. The shares received a big boost after Tesla motor car reported its first quarterly profit in 10 years at $15.4 million on May 8, 2013. The shares jumped from $55.79 on May 8, 2013 to $87.80 on May 13, 2013, with investor confidence that Tesla electric cars would perform well in future.
In fact, Simon Hacket participated in the annual Global Green Challenge conducted by Australia on October 27, 2009 with Tesla Roadster. By driving the car through the complete 313 mile or 504 km segment of the tournament in a single charge, he proved the superior capabilities of Tesla motor cars. MotorTrend editor, Kim Reynolds, accepted that that acceleration of the Roadster was breathtaking.
The analysts commented that the shares have the ability to rise due to the expectation of strong sales of Model S in the second quarter and the year 2013. The analysts pointed out Tesla motor cars had been able to obtain a market share of 9% in the United States in the premium full-size sedan car segment.
The Department of Energy of United States approved a $465 million interest bearing loan to Tesla Motors in June 2009. This funding supported the engineering design and production of the Model S, the full sized luxury sedan, the pride of Tesla motor cars. The funding also helped Tesla Motors to develop powertrain technology, which it could sell to automakers developing electric vehicles.
However, the Tesla motor cars would not be abandoning its prototype, the Tesla Roadster completely. It plans to reintroduce the Roadster in 2014 but it would be based on an altered and shortened architecture version that Tesla has developed for its latest Model S, a huge success.
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Tesla Motors Company is responsible for all the high-ended Tesla Cars coming out lately.
