Tesla Motors Inc (NASDAQ:TSLA) sure has had a nice story over the past few months, hasn’t it? After being labeled a “loser” by Presidential hopeful Mitt Romney in last year’s election season, and a particularly embarrassing spat with the New York Times, Tesla has proved all of the doubters wrong, and then some. We’ve already covered the highlights quite a bit recently, but it boils down profitability and progress.
Check out CEO Elon Musk’s ‘Secret Master Plan’ here, but the primary reason Mr. Market has pushed TSLA shares up by more than 20% over the past week is because the company reported that it is finally making a profit. More specifically, Tesla delivered over 4,750 Model S’s, despite the fact that it had only forecasted delivery of 4,500. A basic understanding of Tesla Motors Inc (NASDAQ:TSLA)’s business model and product line can tell any investor that the company isn’t satisfied with serving the role as a traditional automaker, which is something that understandably draws bulls in.
This does as well:
Interestingly, there’s some more news today, and already in multiple sources, it has something in common with the “Hangover” movie franchise. No, it’s not Zach Galifianakis, it’s something even better: Las Vegas. A quick look at goproject100.com, gives us more details, and basically, Tesla Motors Inc (NASDAQ:TSLA) is partnering with Downtown Project for Project 100.
Here’s the full release:
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RELEASE: “Downtown Project is launching Project 100, the code name for a complete transportation system designed to let you get rid of your car and be more connected to your neighborhood — all for less than the monthly cost of traditional car ownership. The effort is part of Downtown Project’s goal to help revitalize downtown Las Vegas; transforming it into the most community-focused and connected city in the world.
On March 29, 2013, Project 100 inked a deal for the largest single US reservation in Tesla’s history: 100 Tesla Model S vehicles.
“We are excited to be partnering with Downtown Project and Project 100,” said Elon Musk, founder and CEO of Tesla Motors. “I am a big fan of their innovative efforts to help revitalize and transform downtown Vegas.”
Project 100 will launch a mobile application during its invite-only beta program in the coming months. Our official roll out will bring together the ultimate in collaborative consumption: 100+ on-demand drivers, 100+ shared cars, 100+ shared bikes, and 100+ shared shuttle bus stops — all under one single monthly membership.”
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It’s encouraging to see what Tesla Motors Inc (NASDAQ:TSLA)’s head honcho has said about the project, and it’s intriguing that the company is entering the shared car space, à la Zipcar Inc (NASDAQ:ZIP), and now, Avis Budget Group Inc. (NASDAQ:CAR). While there’s no way to know if Tesla’s partnership in Vegas will materialize into anything further, it’s easily within the realm of possibility that it could, and with Tesla’s momentum, this is the proverbial icing on the cake.
Interested in another world-changing technology? Check out the realm of 3D printing, and the MIND-BLOWING creations that can be made here.
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