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Tesla Motors (TSLA)

  • Jun. 12, 2014, 7:04 AM
    • Tesla Motors (TSLA) CEO Elon Musk says the company will build a factory in Europe after sales in the region reach 160K per year.
    • "My aspirations for Europe are that we sell a comparable number of cars in Europe as the U.S.," Musk told Automotive News Europe.
    • The Model S has sold well in select Western Europe markets.
  • Jun. 9, 2014, 12:54 PM
    • Tesla Motors (TSLA -0.4%) plans to open up the design of its Supercharger system in order to encourage a standard forming in the industry off of the platform, reports Engadget.
    • Though the initiative makes sense to analysts as a convoluted system of manufacturer-specific networks isn't feasible, they also note that there is a touch of risk with giving away the intellectual property.
  • Jun. 5, 2014, 5:30 PM
    • A month and a half after Tesla (TSLA) was forced to halt direct sales at its two New Jersey stores, the state assembly's Consumer Affairs Committee unanimously approved a bill today that would allow it to restart sales.
    • The bill would allow TSLA - or any company that sells zero-emission vehicles directly to consumers - to open up to four stores in the Garden State.
    • Although it had previously allowed TSLA to sell the cars, the state's Motor Vehicle Commission justified stopping it because of a state law from the 1970s that requires cars to be sold through dealerships.
  • Jun. 5, 2014, 1:06 PM
    • Hyundai (HYMLF) will deliver its first hydrogen fuel cell-powered SUV in California next week.
    • The launch comes despite the limited hydrogen refueling infrastructure in the state.
    • Outside of the automobile industry, companies including FedEx (cargo tractors) and AT&T (server farms) have been dabbling with using hydrogen despite the lack of a national pipeline. Critics says demand could reach a tipping point.
    • What to watch: If Hyundai's launch of a SUV hydrogen goes over better than expected it could be a positive for FuelCell Energy (FCEL), Ballard Power (BLDP) and Plug Power (PLUG). It also adds another layer to the engaging Toyota (TM) vs. Tesla Motors (TSLA) debate.
  • Jun. 4, 2014, 10:49 AM
  • Jun. 3, 2014, 6:01 PM
    • Tesla (TSLA) won't pick a site for its first Gigafactory until year's end, Elon Musk states at his company's annual meeting. The EV maker previously said it expects to break ground in June.
    • Also: Musk suggests Tesla will simultaneously begin the prep work for a buildout in multiple states. "We’re probably going to do two or maybe three states all the way to creating a foundation and creating the plans and getting approval ... I wouldn't expect that we do a down select for Gigafactory one before the end of the year."
    • Tesla has said it's hoping the Gigafactory will be able to supply 500K vehicles/year by 2020.
    • Previous: Heard at Tesla's annual meeting
  • Jun. 3, 2014, 3:13 PM
    • Tesla Motors (TSLA) CEO Elon Musk says he plans to stay on in his current role for at least another 4 or 5 years.
    • The existing Roadster will get an upgrade this year. A next-gen Roadster is further down the road.
    • Musk says it's "impossible" to say how the stock market will valuate Tesla - noting the manic-depressive nature of the beast. He still thinks Tesla is a good long-term investment.
    • What's after Gen-III? Musk says the company will take additional steps to shift the industry to electric. Trucks and lower-cost vehicles are possibilities.
    • Tesla annual meeting webcast
  • May. 29, 2014, 6:58 AM
    • Eight states have sparked a new electric vehicle plan to promote the sale of over 3M zero emission vehicles by 2025. Presently there are only 200,000 nationwide.
    • The project aims to install recharging stations at workplaces, expand cash/non-cash incentives for buying electric cars, and push dealers to promote electric vehicles.
    • States included in the plan: California, Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont.
    • Time will tell how the legislation will affect Tesla Motors (TSLA) and other electric car makers.
  • May. 27, 2014, 3:31 PM
    • S&P weighs in on Tesla Motors (TSLA +2.1%) with a B- rating and Stable outlook on the company.
    • The ratings agency forecasts Tesla will sustain its gross margin rate over the next year, but warns on long-term risks.
    • S&P on Tesla: " ... the company is less likely (compared to larger, more established automakers) to successfully adapt to competitive and technological displacement risks over the medium to long term. "
  • May. 20, 2014, 2:00 PM
    • Morgan Stanley takes Tesla Motors (TSLA -1.2%) on a victory lap as it tears down what it sees as the standard bear case on the EV automaker.
    • Distribution: MS notes the ultra-powerful dealer lobby has cracked in a few states and Tesla has the backing of the FTC over the direct sales model.
    • Gross Margin: Tesla hit the 25% gross margin level that skeptics claimed wasn't achievable. On tap is marching close to 30% as scale comes into play.
    • Gigafactory: The support of Panasonic is proof enough for MS that the gigafactory can deliver the battery cost reductions promised.
    • For those scoring at home, Morgan Stanley is in with a $320 price target on Tesla.
    • Timeline of the Morgan Stanley-Tesla love affair
  • May. 15, 2014, 8:11 AM
    • Tesla Motors (TSLA) CEO Elon Musk sees exploding demand for low-cost lithium-ion batteries.
    • The exec forecasts the automobile industry alone will need 200 gigafactories to supply it. Ground breaks on Tesla' first gigafactory in June.
    • The Musk thesis is based on cars powered by electric batteries winning out over hydrogen cars, hybrids, and gas-powered vehicles. Toyota (TM) is expected to have a lot to say on that issue.
    • Lithium plays: PCRFY, ARTX, SQM, ENS, WLCDF, FMC, LIT
  • May. 11, 2014, 3:38 AM
    • Tesla Motors' (TSLA) deal to supply Toyota (TM) with battery packs and motors for the latter's rechargeable RAV4 electric crossover vehicle will terminate in 2014, the U.S. company has said, as the Japanese firm is "expected to end" the current model this year.
    • Toyota, which owns 2.4% in Tesla, had said in May 2012 that it would purchase parts for 2,600 electric RAV4 EVs over three years in a deal that was initially expected to be worth up to $100M.
    • However, Toyota has sold a mere 1,594 RAV4 EVs since 2012 through April. In Q1, Tesla earned $15.1M from the agreement.
    • Separately, Toyota intends to boost the production of its Camry sedan at its Kentucky plant by 100,000 units after it stops outsourcing some of the production to Fuji Heavy Industries' (FUJHF) facility in Lafayette in Indiana. Fuji could produce a new SUV in Lafayette when the Camry contract ends.
  • May. 9, 2014, 6:58 AM
    • Tesla Motors (TSLA) will challenge a new Senate bill passed this week in Missouri that requires consumers to buy vehicles through a dealership.
    • On its corporate blog, Tesla blasted Missouri politicians for the last minute addition of the "anti-Tesla" language to HB 1124 without public consultation or floor debate.
    • The automaker has a service center in St. Louis, Missouri and plans to open one in Kansas City later this year.
  • May. 8, 2014, 3:20 PM
    • Tesla Motors (TSLA -10.9%) trades below $180 for the first time in three months as Q1 results from the automaker aren't quite enough for investors.
    • Deutsche Bank is encouraged that Tesla improved its cost structure enough to overcome a sequential decline in revenue. The investment firm also thinks the read on pricing is favorable.
    • Plans for Tesla's Gigafactory were revealed during the firm's earnings call (transcript). CEO Elon Musk says Panasonic has signed a letter of intent and construction will begin next month.
  • May. 8, 2014, 9:16 AM
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  • May. 7, 2014, 5:45 PM
    • Top gainers, as of 5:15 p.m.: HOLI +12.7%. SCTY +7.8%. MRIN +7.3%. SFM +7.3%. GMCR +6.5%.
    • Top losers, as of 5:15 p.m.: MM -41.5%. GPOR -12.7%. ERII -11.9%. MCP -10.8%. TSLA -7.7%.
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Company Description
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.