Investing Idea; Invest in What You Drive: Electric Car Stock Tesla Motors (TSLA)
Tesla gains 22% on news that Tesla Model S Sales Exceed Target
Point Roberts, WA - April 1, 2013 (Investorideas.com renewable energy newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors reports on green car stocks. For investors seeking to invest in issues, products and services they are concerned about, today’s snapshot gives insight into news and trading for green car stocks. Investors betting on electric car stocks got rewarded in this morning’s trading, with Tesla making big gains.
Tesla Motors, Inc. (NasdaqGS: TSLA) is trading at $46.24, gaining $8.35 or 22.04% as of 11:28AM EDT on just under 7 Million shares. The stock moved on news today that sales of its Model S vehicle exceeded the target provided in the mid February shareholder letter. As customers who note their Model S serial number this weekend will realize, vehicle deliveries (sales) exceeded 4,750 units vs. the 4,500 unit prior outlook. As a result, Tesla is amending its Q1 guidance to full profitability, both GAAP and non-GAAP.
I am incredibly proud of the Tesla team for their outstanding work. There have been many car startups over the past several decades, but profitability is what makes a company real. Tesla is here to stay and keep fighting for the electric car revolution," said Elon Musk, Tesla Motors co-founder and CEO. "I would also like to thank our customers for their passionate support of the company and the car. Without them, we would not be here."
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