to put the top down and talk about and take a cruise in the Tesla Roadster the Electric Beauty to the right. http://www.teslamotors.com/roadster
To be honest when I got this request I was thinking in my head "Delorean, they'll be out of business in a year" but as I started doing my investigation I discovered reasons that I think they will ultimately be successful.
TESLA MOTORS, INC (Symbol TSLA, $19.70) stock debuted at $17.00 and the low so far on the stock has been $14.98 and the high $30.42 . The stock had it first quarterly report and like most start ups it recorded a loss in it's first quarterly report of $5.08 per share. They have a profitable business model but just needed to bring sales up to a point where they cover their high SGA and Research and development expenses. You almost have to think about these guys like they are a bio-tech stock trying to find the cure for cancer, except they are trying to find the cure for our dependence on foreign oil. It takes time and money to get going, so keep an eye on cash-burn.
Why will they be successful? People are fed up. They are angry about the oil environmental disaster in the Gulf of Mexico. They are sick and tired of being held hostage by the oil companies from foreign countries and having to pay ever increasing prices. You push people hard enough and they dig their heels in to fight back. If you drive one of these vehicles 15 years you save over $20,000 in gas and oil cost , around $1300 per year at current prices.
|Tony Helmholdt inventor of twin powered |
On purchasing the stock, I would would wait until October 2010 since the earnings report is already out and a lot of the newbies that bought it on the public offering will get impatient and probably dump it. I would look to buy it as a 3 year long term investment in the price range of $15 - 17 per share range, which I think you will see again. This is, be warned, a High-Risk Investment.
So honk a horn, so I hear you coming and take a cruise in a Tesla Roadster!
Joe, you should test drive a Roadster on that road that goes between San Mateo and Half Moon Bay. While you are in San Mateo stop in at Nick's Deli if it is still there. Try the Chicken salad sandwich.