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Tesla Motors Inc (NASDAQ:TSLA) to Open Gigafactory to Produce Batteries

In February, Tesla Motors Inc’s (NASDAQ:TSLA) CEO Elon Musk announced a $5 billion “gigafactory” which would be a battery manufacturing unit that can produce batteries for 500,000 cars. The new company would create 6500 jobs. Car manufacturers have been facing battery shortage for years. Batteries are needed by the car manufacturers to power hybrid cars […]

Low Earnings Estimate Fail To Dull Investor Confidence In Tesla Motors Inc’s (NASDAQ:TSLA)

Tesla Motors Inc’s (NASDAQ:TSLA) earnings estimates for this year has been radically cut by analysts. However, the reduced earnings have not resulted in lowering of company’s worth in the eyes of analysts who seen to have a lot of faith in the company. Earlier this year it was forecasted that the earnings per share of […]

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