Yes, you read it right, Tesla Motors Inc (NASDAQ:TSLA) is allowing Chinese manufacturers of electric cars to use its patented technology free of cost, according to an article on Want China Times.
The main driving force behind Tesla Motors Inc (NASDAQ:TSLA) is its ambitious CEO, Elon Musk, who is a visionary in many senses. However, sometimes ambitiousness leads to over optimism.
At a time when American companies are thinking of evading Uncle Sam's huge tax rate, Tesla Motors Inc (NASDAQ:TSLA) is a shameful reminder to them of what American corporate values ought to be.
Tesla Motors Inc (NASDAQ:TSLA) touched the $286 mark in September and now the stock is down to $224.59. In percentage terms that is about a 21.7% drops.
Not only is the success of Facebook Inc (NASDAQ:FB) and Tesla Motors Inc (NASDAQ:TSLA) owners, Mark Zuckerberg and Elon Musk respectively, hidden in their craziness but to be called crazy is a actually...