Research archive for TSLA

Tesla are raising 1.6 billion Dollars and taking this massive opportunity to put their best foot using the recent excitement around their results as a huge opportunity, through a convertible bond issue. First production in 2017, 500 thousand motor vehicles to be manufactured at what Elon Musk calls a "Gigafactory". Everyone is getting very excited about this. A what? Well, Tesla have a simple paper out, you can download it:

Yesterday Tesla finished up over 8%, significantly breaking the $200 mark for the stock. If you bought the stock today a year ago, you would have paid ... (wait for it) ... $35 a share. Yes a year ago you could have bought Tesla for $35 and today they are worth $210, so you would have made a cool 500% in a year.

Tesla Motors, the sleek, electric sport car manufacturer based in California is up more than 500% this year. The company was founded by Elon Musk (the new Steve Jobs in my opinion) who also founded Pay Pal and Space X (a space transport company). To top off this storey Mr Musk is a South African, he matriculated from Boys High before moving to the US of A. The name Tesla is from Nikola Tesla, one of the fathers of AC (Alternating Current) electrical supply.