Tesla Motors Inc (NASDAQ:TSLA) is going to open the first battery swapping station between San Francisco and Los Angeles in the “next few months.” The swap stations will be used for analyzing usage. Based on the analysis of the swap station, Tesla will decide whether or not to push for more locations.
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Elon Musk Posts
Because of the crisis in the Ukraine, some people are questioning what the tension between the U.S. and Russia may lead to. Will it affect the International Space Station? Probably not, but the United State relies on Russian Soyuz missions to carry its astronauts to and from the station since 2011.
Last month, Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk announced that the company is going to be build the largest battery site in the world. This could lead to a bidding war between states in the country.
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk revealed additional details of the affordable electronic vehicle that is in their pipeline, known as the Model E.The Model E is expected to have double the range and battery capacity of other existing electric vehicles.
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Tesla Motors has announced plans to raise almost $2 billion for a $4-$5 billion factory. The money will be raised through convertible senior note offerings. The money will be used for producing a “gigafactory” and Tesla will continue development of its third-generation lower priced electric vehicle. Tesla Motors said it plans to directly invest $2 billion into the gigafactory, which would cost $4 and $5 billion. Tesla’s partners will likely fund the rest of the factory. Panasonic and Sanyo are believed to be the partners in the gigafactory.
Tesla Motors Inc (NASDAQ:TSLA) stock has surged today following an analyst upgrade. The stock is currently up over 14% at a price of around $249. The upgrade was made by Morgan Stanley’s Adam Jonas. Jonas increased the price target to $320 from $153. Jonas upgraded the stock after citing huge opportunities for the electric vehicle company.
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk was interviewed by Bloomberg yesterday after the company earnings call. One of the major bullet points in the interview was that the Model X was delayed due to perfection reasons.
Equity researchers at Robert W. Baird have increased their target price of Tesla Motors Inc (NASDAQ:TSLA) shares from $187 to $215 in a research report that was released on Tuesday. Tesla Motors currently has an “outperform” rating on the stock. The Robert W. Baird price objective would suggest a potential upside of 11.03% from the current price of the company.