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Loss seen as step to big long-term profits - Luxury electric car maker Tesla Motors’ shares hit new records after its latest financial results, with the latest price of close to $150 a share showing a gain of about 350 per cent for 2013 Investors apparently want to make sure they have a piece of a new company which they hope will be a big and profitable player for years to come. Deutsche Bank believes Tesla sales will reach at least 200,000 a year before the end of the decade. Morgan Stanley reckons Tesla sales will reach 55,000 by 2015, and over 520,000 by 2027. Tesla will make its first operating profit next year, with margins peaking at 17 per cent in 2021 and 2022 before normalising at 15 per cent, according to Morgan Stanley analyst Adam Jonas...more MORE LIKE THIS: Is this the dawn of a new mobility age? 01 Aug 2013 Peugeot family ready to cash in? 04 Jul 2013 Renault’s good 1st half effort wiped out by steep Iran sanction damage
02 Aug 2013 |
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