Tesla Motors Inc (TSLA) Still Falling Short On Production, Share Prices Slashed After Comment From Bayerische Motoren Werke AG (BMW)

Tesla Motor (TSLA)

Tesla Motors Inc (NASDAQ:TSLA) is certainly among the front-runners in the electric car industry with its large array of luxury electric cars. At the same time, the shares of the electric carmaker fell in excess of 5% after Bayerische Motoren Werke AG (ETR:BMW) declined to have any interest in partnership with the electric carmaker.

The two major offerings from Tesla include its standard and premium Model S sedans with price tag of $70,000 and $104,000 respectively. The premium model of the company comes with 85-kilowatt-hour battery whereas the standard comes with a 60 kWh battery. A recent article on Forbes highlighted the production scarcity from Tesla Motors Inc (NASDAQ:TSLA)’s end.

With its current production facilities, the electric carmaker is able to produce up to 1,000 cars a week and Elon Musk, CEO of Tesla Motors Inc, is likely to push the production to 2,000 cars per week by 2015 with more investments. At the same time, Musk has given an indicatory figure of 50,000 electric cars in 2015 in comparison to the 70,000 orders for custom electric vehicles. However, with the current production facilities of Tesla Motors Inc (NASDAQ:TSLA), the company rolled out 33,000 cars this year.

Tesla Motor (TSLA)

There is no doubt about the efforts of Tesla in helping other auto manufacturers to adapt to its standards as the company made all of its patents available to the market. The company is working over its electric charging stations with 272 charging outlets including 132 in the United States. Considering these figures in mind and current gas-dependent vehicles, gearing the world towards electric vehicle would certainly take a lot of years.

Earlier, the shares of Tesla Motors Inc (NASDAQ:TSLA) fell nearly 5.73% after Bayerische Motoren Werke AG (ETR:BMW) declined any intentions of a partnership. Official reports from different news magazines have indicated that the German company is not likely to make any investments in the electric carmaker.

This article has been written by Prakash Pandey.

Tesla Motors Inc (TSLA) To Collaborate With Bayerische Motoren Werke AG (BMW) Over Parts and Standardized Battery Technology

Tesla Motors Inc (NASDAQ:TSLA) Backs Down on $500M Demand of State Money for Gigafactory, State Incentive Plan Prevails

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

Related posts

*

*

Top

Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now