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Despite Tesla Successes the Company May Not Be Ripe for Takeover

Despite Tesla Successes the Company May Not Be Ripe for Takeover

Jun 25 2013, 1:00pm CDT | by

Musk may not want to sell

Electric vehicle maker Tesla has been in the news a lot lately. The company paid off its federal loans years early and has one of the few truly successful electric vehicles on the market. Some...

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1 year ago

Despite Tesla Successes the Company May Not Be Ripe for Takeover

Jun 25 2013, 1:00pm CDT | by

Musk may not want to sell

Electric vehicle maker Tesla has been in the news a lot lately. The company paid off its federal loans years early and has one of the few truly successful electric vehicles on the market. Some believe that the fact that Tesla had paid off its government loans so early could make the company ripe for takeover. However, Tesla may not be as likely a takeover target has some analysts believe.

Tesla's loans with the Department of Energy had verbiage reports Bloomberg that limited Tesla's ability to sell itself. With those loans paid off the company can now sell to whoever it wants to. However, factors limiting Tesla's ability to sell remain. Perhaps the largest of those factors is the fact that Tesla CEO Elon Musk may not want to sell his company.

Potential suitors may also be concerned that Tesla has only just now reported its first quarterly profit in its 10-year history. Tesla is currently trading stock for 816 times its estimated earnings for 2013. That values the company at over $5 billion.

 
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2 hours ago

Tesla digs, but isn't sold on Reno

Aug 1 2014 11:02pm CDT | Source: Automotive News

Tesla Motors hasn't decided on a site for its so-called gigafactory, but it's moving forward as though i ...
Source: Automotive News   Full article at: Automotive News
 

 
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8 hours ago

Honda Kills Fit EV, Says It Is Committed to Other Forms of Electromotive Transportation

Aug 1 2014 5:25pm CDT | Source: Car and Driver

Honda is discontinuing its Fit EV by the end of the year as it concentrates on other forms of electrified vehicles like Accord PHEV and the production version of the futuristic-looking FCEV concept that rocked the 2013 L.A. auto show. The Fit is the latest casualty of Honda’s evolving approach to electromobility. Earlier this year, Honda announced its decision to discontinue the slow-selling Insight hybrid, but this news regarding the Fit EV i ...
Source: Car and Driver   Full article at: Car and Driver
 

 
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9 hours ago

Tesla & Panasonic finalize Gigafactory deal

Aug 1 2014 4:00pm CDT | Source: World Car Fans

Tesla's Gigafactory is inching closer to reality as the company has finally inked a deal with Panasonic. ...
Source: World Car Fans   Full article at: World Car Fans
 

 
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13 hours ago

Tesla, Panasonic Sign Deal for Epic Gigafactory Battery Plant Slated to Open Before 2017

Aug 1 2014 12:22pm CDT | Source: Car and Driver

Panasonic has agreed to partner with Tesla on its Gigafactory battery-manufacturing facility, which will eventually assemble all battery packs for both the automaker’s lineup and its foray into electrical storage for homes and businesses. The Japanese electronics giant, which already provides the lithium-ion cells in the Model S, won’t commit to hauling its own equipment to the U.S. just yet, however. Just as it does now at its factory ...
Source: Car and Driver   Full article at: Car and Driver
 

 
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14 hours ago

New Car Sales, Jaguar XE, Tesla Sales: What’s New @ The Car Connection

Aug 1 2014 10:45am CDT | Source: The Car Connection

From The Car Connection: July 2014 Car Sales: The Big Six Surge Car sales made big gains in July, with the Big Six brands leading the way. GM and Ford posted gains of about 10 percent, behind big sales of vehicles like the Camaro and F-150, while Chrysler was up 20 percent, and Nissan, 11 percent, with the Altima sedan still moving quickly off.. ...
Source: The Car Connection   Full article at: The Car Connection
 

 
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15 hours ago

July Electric-Car Sales, Tesla Gigafactory Site, BMW i3 Fuel Cell: Today's Car News

Aug 1 2014 10:30am CDT | Source: Diesel Reports

Today on Green Car Reports: Plug-in electric car sales for July are coming in, Tesla breaks ground at a "potential" Gigafactory site, and will there be a hydrogen fuel-cell version of the BMW i3? All this and more on Green Car Reports. Tesla's quarterly earnings report reveals sales numbers and groundbreaking at a "potential" Ne ...
Source: Diesel Reports   Full article at: Diesel Reports
 

 
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20 hours ago

Motor Mouth: The dark side of self-driving cars

Aug 1 2014 5:00am CDT | Source: Driving Canada

The Emails are not always kind. As Driving‘s self-appointed automotive spoilsport constantly searching for the pitfalls in the seemingly obvious and the flaws in the self-satisfied, I leave myself pretty open to all manner of insult. Curmudgeonly is probably the politest accusation hurled at a typically fractious column, naysayers constantly railing against my supposed lack of vision (Motor Mouthian postulations, for instance, that Tesla’s incredible stock market valuation looks remark ...
Source: Driving Canada   Full article at: Driving Canada
 

 
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1 day ago

​Tesla Brought In Formula 1 People To Help With Service

Jul 31 2014 8:30pm CDT | Source: Jalopnik

Tesla just wrapped up its investor's call following the release of its Q2 earnings report , and as always, Elon Musk and Co. delivered a slew of interesting tidbits and quotes. Here's what you need to know, in easily digestible bullet-point form.Read more. ...
Source: Jalopnik   Full article at: Jalopnik
 

 
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1 day ago

Edmunds' long-term Tesla Model S has been wonderful, woeful

Jul 31 2014 6:10pm CDT | Source: Autoblog

Filed under: Maintenance, Hatchback, Tesla, Electric We generally don't report on other outlets' long-term model tests, but Edmunds just completed a 17-month ownership experience with a 2013 Tesla Model S. It's just too interesting not to share. The site bought a 2013 Model S Performance model for the added range of its 85-kilowatt-hour battery and tossed on a good variety of options for a total price of $105,005, including a wall charger. In terms of driving the electric hatchb ...
Source: Autoblog   Full article at: Autoblog
 

 
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1 day ago

Tesla's Q2 net loss widens to $62 million as randd expenses soar

Jul 31 2014 4:22pm CDT | Source: Automotive News

Tesla Motors said its net loss widened to $61.9 million in the second quarter, even though it assembled and delivered record numbers of Model S electric cars and ...
Source: Automotive News   Full article at: Automotive News
 

 

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Shane is a self described car aficionado. He loves muscle cars, but also knows how green cars work. He has years of experience in testing cars and writes about cars with deeply felt emotions.

 

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