Tesla Shares Have Now Doubled In Value Since IPO
Tesla shares went live in June 2009 at an initial price of $17 USD per share, that value has now over doubled to $35.32 per share, a feat made all the more impressive by the fact that Tesla has yet to turn a profit. The reason for the overwhelmingly positive investor sentiment around the company is the high-level of faith large automakers like Toyota and Daimler-AG have in the plucky California start-up with Toyota recently paying over $60 million USD to Tesla to electrify 2,000 RAV4 SUVs.
The reason Tesla is yet to turn a profit is down to it’s current phase of business, the company is ramping up and investing heavily in infrastructure ahead of the production of it’s Tesla Model S electric sedan, this will be followed by numerous new models that are all expected to be produced at the NUMMI factory in California.
Some analysts are predicting that TSLA shares will shoot above $100 by late 2011, investors will keep a close eye on Tesla’s partnerships and these relationships will continue to have a very significant impact on share prices.
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