At $20 billion, is Tesla worth more than GM, Ford? (USAToday)
Tesla Motors Inc (NASDAQ:TSLA)‘s spectacular stock price climb has hit another milestone. In topping $167 a share, the young automaker has passed a $20 billion market cap. That’s impressive for a company that sells only a single model from a single factory, a luxury car out of price reach of most consumers — with all the limitations that currently go with owning an electric car. Tesla expects to sell more than 20,000 Model S sedans this year at prices that now start above $70,000, including shipping and before federal tax rebates. But that production level is peanuts compared to the output of major automakers.
Will It Be Months Before Tesla (TSLA) Can Deliver Its Model S Sedan To Mainland China Customers? Tesla Faces More Than Just A Trademark Dispute (IBTimes)
Tesla may have underestimated China’s red tape. The Palo Alto, Calif.-based maker of the luxury Model S sedan is keeping largely mum on details of its efforts to meet a year-end goal of selling cars in China, but the campaign is causing considerable chatter in the Chinese press. Tesla Motors Inc (NASDAQ:TSLA) is betting that its entry into the world’s biggest auto market will help boost its unit sales, an important and closely watched metric for a company that has yet to offer up any significant profit but currently has nearly a third of Ford Motor Company (NYSE:F)’s market capitalization.
A Long, Rocky Road To Tesla: These Are The Electric Cars That Made It Possible (SeattlePi)
Elon Musk is a real-life Tony Stark, and his Tesla Motors Inc (NASDAQ:TSLA) has been in the spotlight a lot lately. We think it’s deserved. The average American pumps $2,000 worth of gas into his or her car every year, so the promise of Tesla’s vehicles gets attention from drivers feeling the pinch. These are all-electric vehicles that behave like sportscars. They’re comfortable, speedy, and stylish. Tesla cars shun gas completely and need nothing more than an electrical outlet. The Tesla Model S can be configured to travel about 300 miles per charge. Roadside Tesla Superchargers will give a dead battery a half-charge (for 150 miles of range) in just 30 minutes.
Texas must lift ban on Tesla electric vehicles (DailyTrojan)
Where there is progress, there is pushback. Texas demonstrated this very principle when lawmakers banned the sale of Tesla electric cars by citing a violation of dealer franchise laws. In doing so, they have effectively curbed their chances of combating global warming. Unlike gas-operated cars, electric cars do not depend on oil. Tesla Motors Inc (NASDAQ:TSLA), in particular, has developed a zero emission vehicle with the charming look of a million-dollar sports car. Motor Trend named it the Car of the Year for 2013, calling it a “remarkable automobile.” Though a time existed when only celebrities like Leonardo DiCaprio could afford such a beauty, the release of the Model S allowed middle-class Americans to make the switch from their quintessential Ford Motor Company (NYSE:F) or Honda.
Tesla: How high is too high? (CNBC)