11 Updates
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.

 
Update
11

45 minutes ago

U-Turn: Weekly Recap: Tesla's sales ban fortified in Michigan as franchise laws draw fire

Oct 25 2014 10:11am CDT | Source: Autoblog

Filed under: Spy Photos, Government/Legal, Recalls, Chevrolet, Mercedes-Benz, Earnings/Financials, Tesla, Electric "Tesla's quest to own its stores has brought to light issues that have long faced the industry." - Adam Jones Tesla's fight to challenge dealer franchise laws moved to the home state of the American auto industry this week, as the governor of Michigan signed a co ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
10

57 minutes ago

The Videos Car Dealers Hate: Is It 'Haggling' Or 'Negotiating'?

Oct 25 2014 10:00am CDT | Source: Hybrid SUV Reports

Car dealers often come in for criticism, especially among electric-car advocates and Tesla Motors supporters who have watched state dealership lobbying groups make Tesla's direct-sales model illegal in a number of states. Since 2010, those lobbyists have been altering state laws originally designed to protect franchised dealers from dir ...
Source: Hybrid SUV Reports   Full article at: Hybrid SUV Reports
 

 
Update
9

57 minutes ago

Tesla considering Model III estate and crossover derivatives

Oct 25 2014 10:00am CDT | Source: World Car Fans

Tesla Motors has announced the Model III sedan could spawn derivatives such as a wagon and a crossover. ...
Source: World Car Fans   Full article at: World Car Fans
 

 
Update
8

3 hours ago

Mercedes GLA Reviewed, Airbag Recall Inflated, GM Blocks Tesla: The Week In Reverse

Oct 25 2014 7:30am CDT | Source: The Car Connection

Mercedes-Benz brings an even smaller utility vehicle to the U.S., and now we've driven it; a minor airbag issue now affects millions more vehicles, and could potentially injure you more than a minor crash itself; and GM takes sides, against Tesla. It's all part of the Week In Reverse, for Saturday, October 25, here at The Car Conne ...
Source: The Car Connection   Full article at: The Car Connection
 

 
Update
6

16 hours ago

U-Turn: What you missed on 10.24.14

Oct 24 2014 6:43pm CDT | Source: Autoblog

Filed under: Aftermarket, Coupe, Performance, Dodge, Ford 2015 Dodge Challenger R/T Scat Pack The goodness of the 2015 Dodge Challenger isn't just limited to that 707-horsepower Hellcat model. As associate editor Brandon Turkus explains, there's plenty to love about the Challenger R/T with its Scat Pack kit, complete with a 6.4-liter V8, eight-speed automatic transmission, and more poise than ever before. Read all about it in today's Quick Spin. Fiat-Chrysler SEMA lineup re ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
5

20 hours ago

Porsche Pajun to reportedly spawn a Tesla Model S competitor

Oct 24 2014 2:40pm CDT | Source: World Car Fans

According to a recent report, Porsche is developing an electric vehicle to battle the Tesla Mode ...
Source: World Car Fans   Full article at: World Car Fans
 

 
Update
4

21 hours ago

Toyota sells off Tesla shares, too

Oct 24 2014 1:18pm CDT | Source: Autoblog

Filed under: BMW, Toyota, Tesla The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment. The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and ele ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
3

23 hours ago

The Price Is Right plays One Away with Tesla Model S

Oct 24 2014 11:52am CDT | Source: Autoblog

Filed under: Performance, Videos, Hatchback, Tesla, Electric, Luxury, TV/Movies When it comes to game shows, The Price Is Right is about as mainstream as American TV gets, beaming lust for fancy new prizes into millions of homes every day. Recently, the show held its annual Dream Car Week, which this year included a Tesla Model S along with a Porsche Cayenne, a Land Rover Range Rover Sport, a Masera ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
2

1 day ago

Weekly Roundup: Most popular stories and new car reviews

Oct 24 2014 10:51am CDT | Source: Driving Canada

Most popular stories:  1. People, keep your feet off the dashboard: Not only is it kind of tacky, but it’s also very unsafe 2. Motor Mouth: Not everyone is rejoicing falling gas prices: Our wallets may finally be getting a break at the pumps thanks to dropping oil prices. But not everyone’s cheering 3. Dear John: I need an affordable AWD sedan under $35,000: This reader is looking to move on from his dependable, ...
Source: Driving Canada   Full article at: Driving Canada
 

 
Update
1

1 day ago

After Daimler, Toyota also sold some of its shares in Tesla Motors

Oct 24 2014 10:40am CDT | Source: World Car Fans

Japanese financial daily Nikkei has announced Toyota has sold some of its shares ...
Source: World Car Fans   Full article at: World Car Fans
 

 

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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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