Thursday, February 20, 2014

Tesla Boosting Vehicle Production

Tesla Released Quarterly Results Yesterday

Tesla stock soared yesterday after Elon Musk announced fourth-quarter results that bested that of analysts predictions.  Shares immediately jumped 8.5% yesterday ending at 210.00 a share.

Tesla sold more than 6,892 Model S cars last year.  Musk announced that they start sales in China next month and that the company has a goal to meet a 1,000 car production a week by the end of the year.   This also depends on Panasonic's ability to produce enough batteries to meet production capacity. Find out more from Bloomberg's Alex Ohnsman

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