Tesla Motors Inc (NASDAQ:TSLA) had a breakthrough in its quest to set up a $5 billion mega factory in Nevada after the Governor of the State signed a $1.3 billion tax break to be spread over 20 years. A total of four bills were passed in both houses to call for the Governor’s pen. The…
Tesla Motors Inc (TSLA) Releases Blueprint for Conquering Asian Markets
Having been repeatedly reminded that its markets are precariously close to saturation point in North America and Europe, Tesla Motors Inc (NASDAQ:TSLA) released its blueprint for expansion into Asian markets, namely China and Japan, as forecasted for the year 2015. Obviously this pertains to the latest model of the company namely Supercharger, also known as…
Tesla Motors Inc (TSLA) Is Waiting For The Decision Of Nevada About $1.3 billion Tax Incentives
After winning the race to bag the world’s largest Gigafactory, it is time for the state authorities to decide tax incentives for Tesla Motors Inc (NASDAQ:TSLA). Nevada announced tax incentives worth $1.3 billion earlier this month with the prospects of over $100 billion in future returns from the state over the next 20 years. As…
Elon Musk Says Tesla Motors Inc (TSLA) and Toyota Motor Corp (7203) May Work Together in Future
Elon Musk, Chief executive of Tesla Motors Inc (NASDAQ:TSLA), said that Tesla and Toyota Motor Corp (TYO:7203) may work together in future. Elon Musk was talking to the reports in Tokyo and said that the two companies may come together in two to three years for a bigger project. Elon Musk was in Tokyo to…
Tesla Motors Inc (TSLA) Gets $1.3 Billion State Incentives For The New Plant
After competing with four other states in the race to get the first Tesla Motors Inc (NASDAQ:TSLA)’s first Gigafactory, Nevada is finally the first state to get the battery plant. The Governor of Nevada announced incentives of $1.3 billion along with some insights into the factory plants. As per the announcement made by Brian Sandoval,…
Nevada Leads the Race for Tesla Motors Inc (TSLA)’s Gigafactory
Finally, the race for Tesla Motors Inc (NASDAQ:TSLA)’s Gigafactory is over with Nevada winning over the other four states including Arizona, California, New Mexico, and Texas. As said by Elon Musk, CEO of Tesla Motors Inc, the winning state would have to provide 10% or $500 million of the overall cost of the factory. According…
Tesla Motors Inc (TSLA) Targets Producing 100,000 Cars Annually, Analysts Are Bullish About That
Tesla Motors Inc (NASDAQ:TSLA) had its shares rise to around 16% against earlier expectations by the company and financial analysts. With the market looking more promising, the company is targeting the production of 100,000 units annually. However, many analysts have been bullish about that projection, with James Albertine of Stifel Nicolaus mocking the stock’s market success saying…
Tesla Motors Inc (TSLA) Faces the Latest Dealer Uprising in Georgia Against Direct Distribution Of Model S
Subsequent to five states namely New York, New Jersey, Ohio, Missouri and Pennsylvania, Tesla Motors Inc (NASDAQ:TSLA) now faces the dealership ire in Georgia wherein a petition has been filed by auto retailers barring the sale of its latest launch, Model S Sedan. Representative of 500 dealerships, GADA, a name for Georgia Automobile Dealers Association,…
Tesla Motors Inc (TSLA), Twitter Inc (TWTR), Facebook Inc (FB): Andor Capital Management’s Top Holdings
Andor Capital Management, managed by Daniel Benton, started as one of the top technology funds in the market. According to the latest SEC 13F filing from the company, its portfolio is worth $1.84 billion with Tesla Motors Inc (NASDAQ:TSLA), Twitter Inc (NYSE:TWTR), and Facebook Inc (NASDAQ:FB) being their top three holdings. (See Daniel Benton’s entire…
Tesla Motors Inc (TSLA) – Is It Possible to Move Higher?
As per Andrew Fung of CLSA, Tesla Motors Inc (NASDAQ:TSLA) is indeed headed for the $300 mark owing to a number of reasons. On being questioned on his projection, the financial whiz who works for this renowned Asia-focused brokerage house enumerated the possible factors that could propel this automotive company to higher levels. Just a…