History of the Company:
Tesla Motors was founded in 2003 by Martin Eberhard and Marc Tarpenning as a high-end electric sports car developer and manufacturer. PayPal cofounder, Elon Musk, joined as a company chairman and invested $30 million in the company before becoming CEO in 2008.
The company now offers three 100% electric, zero emissions vehicles powered with state-of-the-art lithium-ion batteries, sold for $100,000.
Each automobile can be charged at one of the many “Tesla Supercharger Stations” set up across the US, Europe, and Asia, can run between 235 and 300 miles before requiring a recharge, and can reach a speed of up to 130mph.
In 2014, Tesla announced the development of less expensive models in the $30,000 range, along with plans for a self-driving car.
Trading Tesla: What You Need to Know
- Tesla motors went public on June 28, 2010 on the NASDAQ. The IPO offered 13,300,000 shares at the price of $17 per share.
- Tesla shares are currently valued at over $250.
- The company is projected to continue to increase in value by at least another 100% over the next year.
- Specializes in electric PowerTrain technology.
- As of 2014 has only sold 30,000 units, total but plans to increase to 100,000 units by the close of 2015.
- Tesla is actively working on creating a super-efficient lithium-ion battery that its hopes will revolutionise not only the motor vehicle industry but computer, smartphone, and portable device industries, as well.
- Future success of the company relies heavily on its acceptance in China and the country’s willingness to integrate Supercharger Stations into its infrastructure. This is looking likely and the company has already built a number of stations across the country.
Anyone who wants to trade Tesla should carefully analyze the market conditions before trading.Trade Tesla