Tesla Is Still One of the Market’s Best Investment Opportunities (DailyFinance)
No doubt, Tesla Motors Inc (NASDAQ:TSLA) has been one of the best investment opportunities of the past year. Profits and production are up, and the stock has tripled. Can it really get better? Does Tesla deserve to trade for more than $100 a share? Sure, says Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova in the following video. Tesla is still in the early stages of the second phase in a three-phase strategy to create a mass-market car maker capable of competing with the likes of Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM). If CEO Elon Musk succeeds, today’s $11 billion market cap will become a distant memory in 10-15 years. Instead, Tesla will rank near what Ford ($59 billion) and General Motors Company (NYSE:GM) ($47 billion) command as of this writing. Not bad as far as investment opportunities go, right?
Tesla, Natick charged up for dealer lawsuit battle (BostonHerald)
Electric car company Tesla Motors Inc (NASDAQ:TSLA) is fighting for the right to continue selling its battery-powered vehicles direct to consumers — a practice that has provoked lawsuits from a state car dealers group that says it’s anti-consumer. California-based Tesla, which has 24 stores in North America including in Natick, counters that its retail operation gives buyers a chance to experience a niche product. “It just doesn’t make sense for dealers to be selling them at this time, the traditional model doesn’t fit,” said Tesla Motors Inc (NASDAQ:TSLA) spokeswoman Alexis Georgeson. “The stores are very successful.”
Tesla to open car outlet in China (ECNS)
US electric car manufacturer Tesla Motors Inc (NASDAQ:TSLA) plans to open its first sales outlet in China, a Chinese newspaper reported Thursday, but industry analysts cast a skeptical eye on the move, which they told the Global Times Thursday would involve considerable risks and uncertainties. Tesla Motors Inc (NASDAQ:TSLA) is set to embark on its China venture with its first China sales outlet in Beijing, the China Youth Daily reported Thursday, without revealing the exact time frame. The firm could not be reached for comment by press time.
Is This the New Tesla? (DailyFinance)
Shares of China’s Kandi Technologies soared 36% yesterday on news that China had approved the company’s first electric sedan. If you had never heard of Kandi until yesterday’s pop, you’re not alone. This is a small company that makes smaller electric vehicles, go karts, ATVs, and even tricycles in China’s Zhejiang province. Revenue in its latest quarter grew just 2% to only $14.7 million. It is profitable, and that’s a good thing, but let’s not kid ourselves here. The only reason that Kandi charged higher yesterday — on a whopping 18.7 million shares of trading volume — is that Tesla Motors Inc (NASDAQ:TSLA) shares have nearly tripled over the past three months.
Tesla Launches Nationwide Supercharger Network (ElectronicDesign)
Tesla Motors Inc (NASDAQ:TSLA) will expand its network of Superchargers, with 27 expected to open through the summer of 2013 and 98% of the U.S. and Canada covered by 2015. These 120-kW stations will deliver up to 50% battery capacity to Tesla’s Model S in about 20 minutes, which is 16 times faster than most public charging stations. “We will be adding Supercharger coverage in many areas over the next three to four months, installing our first Superchargers in the Pacific Northwest, Texas, Illinois, and Florida, with additional coverage in the Northeast and California,” said George Blankenship, Tesla Motors Inc (NASDAQ:TSLA) vice president of worldwide sales and ownership experience.