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Tesla Soars on Financials and Ratings

posted by LaminatorX on Thursday February 27 2014, @05:00AM   
from the rotating-magnetic-wheel dept.

frojack writes:

"Tesla stock soared today, up over 17% at one point, on solid earnings reports, and also due to achieving the highest recommendation of all cars from Consumer Reports (Note, not linking direct to paywalled CR site). In addition, Tesla Motors Inc. is expected to make a big announcement regarding its 'gigafactory' battery plant this week. Tesla is rumored to be partnering with Japan's Panasonic Corp. or South Korea's Samsung Electronics Co. Ltd. The location of the factory is also yet to be determined, although analysts have bet on New Mexico or Arizona. One thing is sure: 'Tesla hopes to reinvent battery production like it already did to other parts of the auto supply chain,' one Wall Street analyst said.

Within the next few weeks, CEO Elon Musk will go to China to deliver the country's first Model S according to CNBC."

• Re:Arizona shouldn't hold its breath Re:Arizona shouldn't hold its breath (Score: 3, Insightful) by Lagg on Thursday February 27 2014, @06:12AM

  by Lagg (105) on Thursday February 27 2014, @06:12AM (#7817) Homepage Journal

  As someone living there I agree heartily. Also this hellhole (yes most of the state is a backwater, except Tucson maybe) is not a fate I would wish upon anyone. It isn't just the politicians who are bigoted, I'll leave it at that. Not to mention that the weather and environment is not something conducive to a good working environment and related equipment. As just one example, the dust in the air here apparently has a lot of metal particulate in it. I'm assuming the factories are near sterile, but still. Why take chances of ruining equipment because someone tracked in our good ol' wasteland dust.

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• Re:Arizona shouldn't hold its breath (Score: 1) by Yog-Yogguth on Thursday February 27 2014, @08:17AM

  by Yog-Yogguth (1862) on Thursday February 27 2014, @08:17AM (#7847) Journal

  Not to mention that the weather and environment is not something conducive to a good working environment and related equipment. As just one example, the dust in the air here apparently has a lot of metal particulate in it. I'm assuming the factories are near sterile, but still. Why take chances of ruining equipment because someone tracked in our good ol' wasteland dust.

  For someone aiming at Mars (Musk that is, SpaceX etc.) I would think this makes for a fantastic win-win situation :)

  [Not that McGregor, Texas ("SpaceX Rocket Development and Test Facility") or some land not far from Boca Chica Beach, Brownsville, Texas (for a launch pad all on their own) look particularly wet and humid, and that's despite Boca Chica Beach being right next to the Mexican Gulf lol.]

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