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| Tesla Motors Inc - BidnessEtc |
Tesla Motors Inc. (TSLA) is the largest manufacturer of electric vehicles (EVs) in the world and one of the hottest stocks on the markets now. Tesla stock price has increased around 560% in the last one year, and is one of the dynamic upcoming players in the American auto industry. The company’s only car model right now is the Model S, and its plans to expand production by building a Gigafactory to build lithium batteries for its vehicle and also other industries like off-grid power storage.
Tesla has been a favorite of stock market speculators who have viewed the company as being in a prime position for value investing. Tesla’s CEO Elon Musk set his sights on having the company deliver around half a million car per year by 2020. The company recently beat expectations for earnings, reporting that it sold more than 6,900 vehicle domestically and international through its retail stores. Tesla also plans to release newer electric vehicle (EV) models, namely the Model X crossover which is coming this year, and also the mass market Model E. The automaker’s first car model previously built was the Tesla Roadster.
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