In case you missed it, over the last month Tesla Motors (TSLA) has been on fire. They recently posted their first quarterly profit, $11M, wildly beating expectations. Shares are up almost 50% over the last week of trading and gained over 14% on Monday to close at $87.80.
The Tesla Model S, the only model they offer, outsold the Mercedes S-Class, BMW 7-Series, and Audi A8, all luxury vehicles. The comparison is significant because the highest performing Model S is in a similar price range to these German models. The top line Tesla goes for $88,570 after a $7,500 tax credit from Uncle Sam.
The Zero Emissions battery powered car is surprisingly powerful. The top of the line Model S Performance boasts a 416 horsepower electric motor that hits 0-60 in 4.2 seconds and a top speed of 130 mph without any gasoline. That motor may not roar since there’s no exhaust, but the results are the same. To put it intoperspective the 2010 Dodge Challenger SRT (which had a 6.4 Liter V-8 engine) went 0-60 in the same time, as did the 2012 BMW 6-Series, the 2005 V-10 Lamborghini Gallardo, and the 2009 Audi R8 Quattro V-12 (Tony Stark’s car). That is incredible company when talking about a vehicle that runs on zero gasoline.
That car has a range of 300 miles and runs off an 85 kWh battery. The base model has a range of 230 miles and top speed of 120 mph and runs off a 60 kWh battery. The battery warranty on all models is 8-years. Not bad.
All the bells and whistles come along with a Tesla. The car comes with all sorts of electronic options including USB ports, GPS, key-less entry and on and on. Another perk is the supercharging option where the driver can stop at a designated Tesla charging station (being developed across the country) and charge half of their battery in just 30 minutes.
But perhaps the most important thing is that this doesn’t look like some futuristic ugly electric car. It’s sleek and appealing to the eye, and if you didn’t know it was electric you could never guess. They completely abandoned the tree-hugger look of some hybrids and electric concepts and built something that people want to drive.
Business Section: Investing Ideas
Investors are asking whether the outstanding growth will keep up. The company has already blow past the target prices set by most analyst by incredible amounts so there’s a chance that this is a bubble, but many are excited about the future for Tesla Motors.
It’s hard to say what the limit could be for the California based auto-maker. Now that they’re making a profit some say the sky is the limit. One thing seems certain for sure; Tesla is here to stay.
Use the Turbo Chart see TSLA’s impressive growth:
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1. Tesla Motors, Inc. (TSLA, Earnings, Analysts, Financials): Designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. Market cap at $8.85B, most recent closing price at $76.76.
Net institutional purchases in the current quarter at 4.2M shares, which represents about 5.8% of the company's float of 72.46M shares.
The stock's average daily alpha vs. the S&P500 index stands at 2.89% (measured close to close, over the last month). During this period, the longest winning streak lasted 6 days (i.e. the stock's daily returns outperformed the S&P 500 for 6 consecutive days). The longest losing streak lasted 2 days (i.e. a win streak / losing streak ratio of 3.).
-Ryan Horch, Kapitall
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