Tesla's (TSLA) Model S Named Motor Trend 2013 'Car of Year'
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Molycorp (MCP) and Tesla (TSLA) Rip, Shorts Limp into Weekend
May 10, 2013 11:43 AM EDTEarly trading action on Friday was highlighted by major rallies in two heavily shorted stocks, Molycorp (NYSE: MCP) and Tesla Motors (Nasdaq: TSLA). Besides being two of the favorite whipping boys for short traders, the rare earth miner and the car manufacturer have... More
Goldman Sachs Downgrades Tesla Motors (TSLA) to Neutral
May 9, 2013 7:01 AM EDTGoldman Sachs downgraded Tesla Motors (NASDAQ: TSLA) from Buy to Neutral with a price target of $61.00 (from $45.00) citing a more balanced risk/reward.
While the firm's view of the company fundamentals has not changed, with shares up 59% since its Mar 19... More
Tesla (TSLA) Tops Q1 EPS by 8c; Expects to Exceed FY13 Delivery Target
May 8, 2013 4:33 PM EDT(Updated - May 8, 2013 4:38 PM EDT)
Tesla Motors, Inc. (NASDAQ: TSLA) reported Q1 EPS of $0.12, $0.08 better than the analyst estimate of $0.04. Revenue for the quarter came in at $562 million versus the consensus estimate of $492.02 million.
Gross margin improved 9 points to 17 percent.
Tesla is reaffirming prior guidance of a gross margin of 25 percent in Q4 2013, assuming zero ZEV credit revenue. The company said, "This may turn out to be greater than zero, but we are not counting on it. What really matters is improving fundamental... More
