Boston, MA 02/26/2014 (wallstreetpr) – Tesla Motors Inc. (NASDAQ:TSLA) continues to soar in the market after posting excellent financial results for its latest quarter, results that showed a massive reduction in net losses from highs of $90 million to $16 million. The automaker jumped further after Morgan Stanley doubled their projected price target for the stock to $320. Tesla future could only get better, awaiting news on its planned Gigafactory that is to produce lithium batteries.
Impact of the proposed Tesla Gigafactory
The expansion of the company’s lithium battery factory could have a major impact on the company’s stock as it is expected to result in lower production costs that could double its market share in the automobile industry. Tesla plans to be a commercializing leader in battery packs something that should keep investors and shareholders moving
Tesla Motors Inc. (NASDAQ:TSLA) sees an opportunity of disrupting the key industry players with its proposed expansion of the Gigafactory that should essentially result in reduced operational costs. The battery plant is to be built in partnership with Panasonic according to Bloomberg. Panasonic is currently Tesla largest investor and main supplier of iron cells
Tesla Chinese fan base continues to grow
Tesla Motors Inc. (NASDAQ:TSLA) continues to grow not only in America but also in China after receiving good reception as a result of fair pricing of its brands. This is despite the company not receiving any subsidies from the Chinese government as is the case in the US.
Major car manufacturing company’s charge double the price they charge for their vehicles to the Chinese market a trend that Tesla has opted to do away with, thus the growth in its sales. Its electric model, is selling at the same price as in the US.
Tesla Motors Inc. (NASDAQ:TSLA) was up on Tuesday trading session moving up by 13.94% heavily impacted by the positive news in china to close at a high of $248.
