Company description

Thu, 26 Dec 2013 05:00:00 GMT

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. The company also provides services for the development of electric powertrain systems and components, and sells electric powertrain components to other automotive manufacturers. It markets and sells its vehicles through Tesla stores, as well as over the Internet. As of October 3, 2013, the company operated a network of 42 stores and galleries in the United States and Canada. Tesla Motors, Inc. was founded in 2003 and is headquartered in Palo Alto, California.

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Fri, 27 Mar 2015 04:00:00 GMT

$TSLA ($190.4) - According to Chinese news from tmtpost.com, market research data disclosed by JL Warren Capital shows that the number of newly registered Model S cars in China decreased by 45% in February 2015, compared to January 2015 (decreased from 469 in January to 260 in February). However, Chinese New Year occurs in February (generally celebrated over 7 days) , which may have caused the slowdown in the car registration.

We believe the month-to-month decrease in Model S car registrations is a continued indication of Tesla’s operational difficulties in China. In terms of revenue contribution, the Chinese market is still not significant, but it’s one of the biggest components of Tesla’s growth plan moving forward. Priced into Tesla’s speculative multiple is the assumption that the company is going to be able to move swiftly into China and grow uninterrupted.

Recall, at the start of the new year Elon Musk’s line was that the company’s China woes were going to correct later in the year. In February, Musk commented that the company’s problems in China had been “blown way out of proportion.”

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Company description

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