Last $198.12 USD
Change Today -0.99 / -0.50%
Volume 5.9M
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

3500 Deer Creek Road

Palo Alto, CA 94304

United States

Phone: 650-681-5000

Fax:

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. Vehicles and Products The company is selling primarily the Model S. Model S Model S is an electric, four-door, five-adult passenger sedan that offers compelling range and performance with zero tailpipe emissions. As of December 31, 2013, the company had delivered approximately 25,000 Model S vehicles in North America and Europe. Model S offers a range on a single charge of approximately 265 miles. To complement this range, the company also offers the capability to fast charge Model S at its Supercharger facilities. In addition, the company designed Model S to incorporate a modular battery pack in the floor of the vehicle. As of February 19, 2014, it had 90 Supercharger stations open in North America and Europe. The Tesla Roadster The company’s the Tesla Roadster is an electric sports car. The two-seat, convertible Tesla Roadster could accelerate from 0 to 60 miles per hour in as little as 3.7 seconds and has a maximum speed of approximately 120 miles per hour. The Tesla Roadster also has a range of 245 miles on a single charge. The company has sold approximately 2,500 Tesla Roadsters to customers in approximately 30 countries, primarily in North America and Europe. Model X The company revealed an early prototype of the Model X crossover as the first vehicle that it intends to develop by leveraging the Model S platform. This vehicle has been designed to fill the niche between the roominess of a minivan and the style of an SUV, while having high performance features, such as a dual motor all-wheel drive system. Model X will seat seven adults. The company anticipates that it would make Model X available with 60 kWh and 85 kWh battery pack options, with pricing of each version similar to those of a comparably equipped Model S. Gen III The company also has announced its intent to develop a third generation electric vehicle, to which it refers as ‘Gen III’, to be produced at the Tesla Factory. Powertrain Development and Sales In addition to the company’s own vehicles, it designs, develops, manufactures, and sells advanced electric vehicle powertrain components to other automotive manufacturers. The company has provided development services and full powertrain systems and components to Daimler AG for its Smart fortwo, A-Class, and B-Class electric vehicles. It has also developed an electric powertrain system for Toyota Motor Corporation for use in its RAV4 EV. As of December 31, 2013 the company shipped approximately 1,600 units. Stationary Energy Storage Applications In 2013, the company developed stationary energy storage products for use in homes, commercial sites, and utilities. The applications for these battery systems include backup power, peak demand reduction, demand response and wholesale electric market services. The company intends to ramp sales of these products in 2014. Financial Services The company offers financial products through various financial institutions in the United States, Europe, and Asia. In the United States and Canada, it offers customer loans through specified commercial banking partners. In connection with certain of these loans, the company offers a resale value guarantee to all customers who purchased a Model S and financed their vehicle. Sales and Marketing The company markets and sells cars directly to consumers through an international network of company-owned stores and galleries. Including its Service Plus locations, the company operates a network of approximately 80 sales and gallery locations in North America, Europe, and Asia. Including all of its sales and service facilities, it operates 116 locations. Customers and Selected Relationships The company sells its cars primarily to individual customers. It has strategic or commercial relationships with Daimler AG, Toyota Motor Corporation, and Panasonic Corporation. Governmental Programs, Incentives, and Regulations The company’s vehicles are subject to, and the Tesla Roadster complies with, or is exempt from, various regulatory requirements established by the National Highway Traffic Safety Administration, including all applicable United States federal motor vehicle safety standards. The company is also required to comply with other requirements of federal laws administered by the National Highway Traffic Safety Administration, including the Corporate Average Fuel Economy standards, Theft Prevention Act requirements, consumer information labeling requirements, early warning reporting requirements regarding warranty claims, field reports, death and injury reports and foreign recalls, and owner’s manual requirements. The company’s vehicles sold in Europe are subject to the European Union safety testing regulations. Majority of those regulations, referred to as European Union Whole Vehicle Type Approval, are different from the federal motor vehicle safety standards applicable in the United States and might require redesign and/or retesting. The Clean Air Act requires that the company obtains a Certificate of Conformity issued by the Environmental Protection Agency and a California Executive Order issued by the California Air Resources Board with respect to emissions for its vehicles, including Model S. The company also subject its battery packs to the appropriate tests specified in the Society of Automotive Engineers J2464 and J2929, which include further tests, such as immersion, humidity, and exposure to fire. Intellectual Property As of December 31, 2013, the company had 203 issued patents and approximately 280 pending patent applications with the United States Patent and Trademark Office and internationally in a range of areas, including the battery pack and other technologies. Its issued patents start expiring in 2026. Competition The company’s competitors include Audi, BMW, Lexus, and Mercedes. History Tesla Motors, Inc. was founded in 2003. The company was incorporated in the state of Delaware in 2003.

 

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Price/Sales 12.1x
Price/Book 36.6x
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TEV/Sales 11.4x
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