tesla motors inc (tsla)

TESLA

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TSLA

Tesla motors Inc. is an American car company that manufactures electric cars. It aims to offer electric cars at an affordable price tag so that the average consumer can also feel the luxury without having to spend a premium price.

Tesla went public in 2010 on the NASDAQ Stock exchange raising $226 million for the company. After the Ford motor company, Tesla is the first American car maker to go public. Tesla quoted a price of $17 just after its IPO after which its price has appreciated 1247%. It was listed as the best performing stock at NASDAQ in 2013. Since the start of 2014, Tesla Stock price has went up at a staggering pace of 52%. The current Tesla Stock Price is $228.6.

Tesla has been in the news recently, when it was banned to sell its cars in states including Texas, Arizona and New Jersey. But afterwards the Senate Committee of Arizona passed a bill allowing the car maker to sell its Vehicles through its retail outlets in different states directly.

Following this incident, Tesla motors stock is going down since then and analysts expect it to go down further to $220 in the coming 12 months.

Source : BidnessEtc – Consumer Discretionary