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Tesla stock continues to surprise investors by closing at over $110 on Tuesday, May 28, 2013 in New York. This stock poses a real problem for analysts who remain predominantly neutral on the issue.
This new record boosts stock performance to over 200% YTD.
During the last investor meeting, Elon Musk announced that Tesla Motors would sell 20,000 Tesla Model S globally. What do the numbers tell us today? Background First, it is important to provide some context regarding the Tesla Model S: Before being voted the best car in the world by Motortrends, this car had been declared impossible to produce due to the demand for an electric vehicle in this range. Tesla Motors proved otherwise by selling over 4,500 Model S in the first quarter of 2013. Since then, Elon Musk’s estimates appear less far-fetched.
Tesla continues to surprise in the stock market. Its market capitalization has reached over 12 billion dollars, despite limited revenues and an uncertain future. Tesla will replace Oracle starting July 15, 2013. This situation demonstrates trust between the company and its founder, Elon Musk. Musk’s strategy is validated through the achievements of Tesla Motors. This situation is a positive signal but by no means a guarantee for Tesla Motors.
The unveiling of the upgraded Tesla Model 3 Performance with Ludicrous mode has created a significant…
Tesla Motors explains its strategy by stating the following products: Tesla Model X, an electric SUV currently under development scheduled for release in late 2014. Tesla Model III, an electric car for the general public starting at $35,000. Tesla Model IV, a smaller electric SUV starting at $35,000. Tesla can utilize Daimler and Toyota factories to increase production capacity at a lower cost. The idea is to become a luxury electric brand in order to maximize profit margins.
Elon Musk’s announcement during his conference call last Thursday marks the beginning of a long cycle of investments and expenses for Tesla Motors.
Recently, the state of Texas passed a law preventing manufacturers from selling their electric cars directly to consumers in order to avoid “dumping”. Should Tesla Motors fear this law? How can Tesla Motors bypass this ban? Is it a threat to the viability of brands that have invested in electric vehicles? Tesla Motors has had a store in Houston since 2011, so this law certainly hinders the company’s work but is not disabling. On the contrary, the fact that Tesla Motors raises the debate is a sign of involvement in the electric vehicle debate. The state of Texas is […]