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Tesla Motors Inc (NASDAQ:TSLA) Makes Big Move Ahead Of Model X Release

Boston, MA 10/28/2013 (wallstreetpr) – The electric vehicle manufacturer Tesla Motors Inc (NASDAQ:TSLA) is expected to release yet another of its innovative machines on wheels called Model X sometime next year. The company has now tapped a top talent from Apple Inc in a move seen by the market as intended to give the automaker greater mileage for its new vehicle programs. Mr. Doug Field has been hired to be the automaker’s vice president in charge of designing new vehicles.

TSLA announced that while at Apple Inc, Field was responsible for directing the design and development of such high-end tech products like MacBook Air, iMac and MacBook. He was reportedly Apple’s vice president of Mac hardware engineering. Field also worked with Ford Motors at the start of his career as an engineer. He is therefore not new to matters auto development. The TSLA’s electric vehicles are much like smartphones on wheels. They feature high-end technology and applications. Lately the automaker entered a deal with AT&T to include internet collectively in the vehicles. It thus goes without saying that in tapping Field, mandarins at TSLA have noted that their high tech machineries require a tech professional the caliber of Field to give them the much needed industry edge.

The future of TSLA as electric automaker largely depends on its technological innovations in the electric auto world. The company needs to think ahead and produce the most advanced machines for its highly expectant premier customers. In electric vehicles sector, TSLA is not just setting the benchmark, but it’s more of the bench itself. Therefore, with a tech guru the caliber of Field who has established technical talent and leadership in the industry, things can only get better at Elon Musk’s company. In expanding its horizons, TSLA has picked a talent from Apple Inc before. George Blankenship was an executive at Apple Inc before joining TSLA as vice president in charge of sales where he has been the brain behind the auto firm’s showrooms.

TSLA’s shares went down by 2.02% to close at $169.66 in Friday’s trading session.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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