Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA)
Are we being too optimistic on Tesla? (BusinessSpectator)
Tesla Motors Inc (NASDAQ:TSLA) and its chief executive Elon Musk can seemingly do no wrong, at least in the eyes of investors. The company’s stock is hovering near $US150 a share, around four times where it began the year. When it topped $50 back in April, people expected a pullback. It didn’t come. It then cleared $100 and analysts lined up to warn of an imminent correction. It didn’t last. Now the multi-billion dollar question is: can it keep rolling past $150?
Hyperloop or Hyperloopy: is this the future of transport? (GearBurn)
Elon Musk. Never heard of him? You should have. The fact that Elon Musk grew up here in South Africa means that as per usual, we’re going to claim some sort of affiliation with him. If he doesn’t sound familiar then read carefully, because, if you hadn’t heard of him in relation to Pay Pal, Tesla Motors Inc (NASDAQ:TSLA) and SpaceX, very soon you’re going to see his name everywhere. The reason? A crazy-ambitious project called: Hyperloop. It’s a damn nutty project, I’m just going to put that out there. Shooting people, and possibly cars as well, through steel tubes in aluminium pods at speeds of around 1280km/h between two cities. It’s fast.
Must Tesla pay to play in China? (AutoNews)
Chinese trademark troubles are making it difficult for Tesla Motors Inc (NASDAQ:TSLA) to market its electric cars in China. The latest kerfuffle could force a costly delay in Tesla Motors Inc (NASDAQ:TSLA)’s efforts to sell the Model S sedan there. A Taiwanese news Web site reports that someone named Zhan Baosheng registered the Tesla Motors Inc (NASDAQ:TSLA) trademark in China in 12 vehicle categories in 2009. The Web site, wantchinatimes.com, said Tesla Motors Inc (NASDAQ:TSLA) Chairman Elon Musk offered to buy the Tesla Motors Inc (NASDAQ:TSLA) trademark for $326,000, but Zhan wants “100 times that amount” or $32.6 million.
Elon Musk is Having a Great Week SpaceX Takes Another Solid Step (GuardianLV)
CEO of SpaceX and Tesla Motors Inc (NASDAQ:TSLA), Elon Musk, is having a very good week. After the successful test of the Grasshopper rocket system in Texas (officially known as the Falcon 9), as well as the (mostly) good reviews of his Hyperloop transportation concept; SpaceX is now past preliminary review of the specs to transport humans into space by NASA on the Dragon Space Module. Musk is having a great week and SpaceX makes two significantly solid steps forward to maned space flight.
Electric car maker Tesla fighting be allowed to sell cars in Virginia (iStockAnalyst)
Electric car manufacturer Tesla Motors Inc (NASDAQ:TSLA) is fighting against bureaucracy and other auto dealers’ resistance to keep its business in Virginia, officials said. In April, the California manufacturer of the virtually noiseless car was denied the state Department of Motor Vehicles’ permission to operate a dealership in Virginia due to a law that prohibits car manufacturers from also being dealers, the Norfolk Virginian-Pilot reported Sunday. The DMV in Richmond has made 14 exceptions to the dealer law for manufacturers of specialty motorcycles, trucks and trailers.