Year-to-Date the stock performance stands at -0.77%.On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Straubel Jeffrey B, officer (Chief Technical Officer) of Tesla Motors Inc, unloaded 10,000 shares at an average price of $252.43 on September 15, 2015. The stock was sold at an average price of $257.61, for a total transaction of $1,288,050.00. However, there is no reason to lose the confidence in the stock on a long-term basis.
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The stock value of Tesla Motors (NASDAQ:TSLA) is too high compared with other major vehicle manufacturers such as BMW, according to Jim Chanos, a well-known short-seller, founder and president of Kynikos Associates. Tesla Motors has a one year low of $181.40 and a one year high of $286.65. The electric vehicle producer reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.12. That threatens the company’s ability to evolve into a mass-market automaker, he said.
Tesla will now miss its guidance to investors about how many cars it will deliver this year, Johnson said.
The design of the car’s electric motor further embraces the irrational narrative: it is attached to the bottom of the vehicle, allowing the bonnet to be used a second boot. The company is an innovative and ambitious one with a focus on quality. The result is perhaps the most transformative automobile since the Ford Model T.
Most experts agree that the cars of the future will be more like smart phones on wheels, capable of sniffing out available parking spaces and then steering themselves into them. Tesla is trying to position its new auto not as the ultimate electric SUV, but as the best SUV on the market – petrol, electric or hybrid. Now, the time has come to launch the affordable vehicle.
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Tesla’s giant Gigafactory is slated to go into production in 2017. The company is learning the art of becoming a manufacturing firm. That is not an easy job and depends on the timely ramping up of Gigafactory facilities. On the other hand, Musk has surprised people before, and if Tesla manages to sort out its development and delivery timeline to actually match or even beat the projections, you can expect Tesla stock to shatter its own records. Along with a few standard driver assist features, the Tesla Tech Package, it combines to provide full-range adaptive cruise control (Traffic Aware Cruise Control, TACC, in Tesla terminology) that is full range, down to 0 miles per hour and back up to speed; blind spot detection; lane departure warning; automated lane change (initiated by the driver); and traffic sign recognition.
