In a entertaining video, Morgan Stanley explains why Tesla Motors could be the world's most important car company and says its stock price could multiply by ten. It could also possibly get cut in half.
Fast cars, slower annual report. That's the synopsis of a Tesla Motors disclosure that the maker of the Model S luxury EV missed its March 1 deadline to file its annual report.
Tesla Motors is a publicly traded company, and as such, is required to report its financials and give a summary of its business situation four times a year. Yesterday was one of those times and, accordingly, it sent out its latest shareholder letter and conducted a conference call, with CEO Elon Musk, CFO Deepak Ahuja, and George Blankenship (vice president, sales and ownership experience) fielding questions from financial analysts for over an hour. We listened in and, as well as getting an idea
The 3rd quarter of 2011 has been a good one for Tesla Motors. Its letter to its shareholders was quite upbeat with news that sales of Roadsters and Model S reservations were on the rise, development targets for its own vehicles and the Toyota Rav4EV are being met and its financial performance was better than expected. All this put the markets in a giddy mood and its stock shot up, hitting $32.41 at one point. Days later, it remains above $31 (as of this writing).