Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F), Oracle Corporation (NASDAQ:ORCL), Apple Inc. (NASDAQ:AAPL), eBay Inc (NASDAQ:EBAY), Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO)
Elon Musk inspired Robert Downey Jr.’s portrayal of comic-book billionaire industrialist Tony Stark in the “Iron Man” films. The role model for Musk, a billionaire industrialist for real, appears to be Henry Ford. The Ford Motor Company (NYSE:F) founder’s mastery of mass-production made the Model T the first affordable car, revolutionizing transportation. Musk, who named Tesla Motors Inc (NASDAQ:TSLA)’s sedan the Model S as a tip-of-the-cap to Henry’s car, sees himself similarly as an engineer, a tinkerer, a nitty-gritty entrepreneur.
Tesla Motors Inc’s Elon Musk Has a Wild New Idea: The ‘Hyperloop’ (Minyanville)
Tesla Motors Inc (NASDAQ:TSLA) CEO and co-founder Elon Musk started off his week on Monday by tweeting an announcement that, from anyone else, would have sounded like a tease for a bad sci-fi movie: “Will publish Hyperloop alpha design by Aug 12. Critical feedback for improvements would be much appreciated.” If you still think electric cars or rocket ships are cool, you haven’t been keeping up with Musk. His “hyperloop” is a proposed “really rapid transit system” that he says will be able to get a passenger from San Francisco to Los Angeles in a half-hour. That would mean travel at 800 miles per hour, or about twice the speed of conventional aircraft.
Tesla Motors PT Raised to $230.00 (TSLA) (Zolmax)
Research analysts at Northland Securities hoisted their price objective on shares of Tesla Motors Inc (NASDAQ:TSLA) from $95.00 to $230.00 in a report released on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 80.73% from the stock’s previous close. Shares of Tesla Motors Inc (NASDAQ:TSLA) opened at 127.26 on Monday. Tesla Motors Inc (NASDAQ:TSLA) has a one year low of $25.52 and a one year high of $133.26. The stock’s 50-day moving average is currently $107.2. The company’s market cap is $14.705 billion.
Tesla Production Exceeds Goals (HispanicBusiness)
Tesla Motors Inc (NASDAQ:TSLA) chief executive Elon Musk delivered a teaser for the electric carmaker’s second-quarter earnings this week, divulging Model S output had surged past its initial weekly goal. The target was to build 400 sedans a week, the pace of manufacturing has already exceeded that — “and not trivially,” Musk said Wednesday. He also said he expected production to hit 800 cars per week by late next year, adding, “I’m very confident we’ll get there.”
Tesla Motors Joins The NASDAQ 100 (SiliconBeat)
Tesla Motors Inc (NASDAQ:TSLA) has replaced Oracle Corporation (NASDAQ:ORCL) on the Nasdaq 100, which tracks the biggest companies on the Nasdaq. Oracle Corporation (NASDAQ:ORCL) announced last month that it is moving to the New York Stock Exchange. Tesla Motors Inc (NASDAQ:TSLA)’s current market cap is $15 billion; Oracle Corporation (NASDAQ:ORCL)’s is $145 billion. Being added to the NASDAQ-100 is widely seen as a vote of confidence for the Palo Alto automaker, and means that fund managers will now be adding Tesla Motors Inc (NASDAQ:TSLA)’s stock to index funds. The Nasdaq-100 includes the likes of Apple Inc. (NASDAQ:AAPL), eBay Inc (NASDAQ:EBAY), Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOG) and Yahoo! Inc. (NASDAQ:YHOO); Tesla Motors Inc (NASDAQ:TSLA) is the only American automaker on the list.
