The small lithium-ion batteries that Tesla Motors Inc. (Nasdaq: TSLA) uses to power its luxury $70,000 (base price) electric cars look very similar to the AA batteries you put in your television remote. They're about 2.5 inches long and the Tesla Model S sedan uses thousands of them to travel for 265 miles on a single charge.
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Tesla Motors Inc. (Nasdaq: TSLA) is one of the most talked-about stocks on the market today, because it's soared 586% since the start of 2013 and has one of the most famous CEOs in the world, Elon Musk.
That has many readers asking the same question: Should I buy Tesla stock?
The Tesla stock price opened at $245 per share today, a nearly 16% drop from the all-time high of $291.42 that it hit less than three weeks ago on Sept. 4. During that stretch, Tesla Motors Inc. (Nasdaq: TSLA) stock has posted a loss on seven of the 11 trading days.
And while that has many investors worried about the direction of the Tesla stock price, this recent pullback has actually created an excellent profit opportunity for those looking for a long-term buy.
The Tesla stock price was up more than 1% this week, as details of the Tesla Gigafactory continued to dominate headlines.
This week, Nevada Governor Brian Sandoval signed $1.3 billion worth of tax breaks for Tesla.
The Tesla stock price was down nearly 5% today to $272.51, following yesterday's statement from CEO Elon Musk that Tesla Motors Inc. (Nasdaq: TSLA) shares are overvalued at the moment.
"I do think people sometimes get carried away with our stock," Musk said on CNBC yesterday.
But even if Elon Musk thinks the shares are overpriced now, this stock still has great long-term potential. Today’s drop is just a blip on the radar. In fact, TSLA stock could double in the next 12 months…
When Tesla Motors Inc. (Nasdaq: TSLA) first announced its plans for the "Gigafactory," the company listed four states as possible homes for the world's largest lithium-ion battery factory: Arizona, Texas, Nevada, and New Mexico.
Tesla Motors Inc. (Nasdaq: TSLA) Chief Executive Officer Elon Musk had been hinting at the Tesla Gigafactory for months, and this week he delivered more of the information investors have been craving.
He's the man behind Tesla Motors Inc. (Nasdaq: TSLA), SolarCity Corp. (Nasdaq: SCTY), and PayPal, but despite his fame, many still ask themselves "Who is Elon Musk?"
The quote from Musk's 2013 "TED Talks" interview gives a glimpse of the $7 billion man and what has driven him in his career.
"It goes back to when I was in University, I thought about what problems are most likely to affect the future of the world," Musk said. "I think it's extremely important that we have sustainable transport and sustainable energy production. That overall sustainable energy production is the biggest problem we have to solve this century."
Tesla Motors Inc. (NASDAQ: TSLA) has narrowed its location search for the new "Gigafactory" to sites between 500 and 1,000 acres in Arizona, New Mexico, Nevada, and Texas. The plant is projected to open in 2017 and will cost up to $5 billion.
The Gigafactory will employ approximately 6,500 and will reach full output capacity by 2020. At that point, the plant will be able to supply power for more than 500,000 vehicles annually.
Tesla Motors Inc. (Nasdaq: TSLA) has seen a meteoric rise of 410% since the start of 2013, and the electric automaker is set to announce its third-quarter earnings tomorrow (Tuesday) after market close. TSLA climbed 8% today to $175.18 ahead of the report.
Analysts predict earnings of $0.11 per share for the electric automobile manufacturer. The California-based company suffered an earnings loss of $0.92 per share in the third quarter of 2012.