Tesla Roadster Acceleration Shows Musk Isn't Blowing Hot Air

Tesla Semi Truck reveal 16 November 2017

Tesla Semi Truck reveal 16 November 2017

Capstone Asset Mgmt holds 0.03% in Tesla Inc (NASDAQ:TSLA) or 3,472 shares.

On Thursday night, Tesla surprised fans with another product: An updated version of its first sports car, the Roadster. Whale Rock Capital Management LLC purchased a new stake in Tesla in the second quarter valued at approximately $66,601,000. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($3.09) by $0.17, Bloomberg Earnings reports. Personal Capital Advisors Corp sold 2,579 shares as Tesla Inc (TSLA)'s stock rose 14.18%. It also has a system that automatically keeps the vehicle in its lane.

The truck's low center of gravity makes for good handling and rollover prevention, and its technology makes jackknifing impossible, Musk said. Following the completion of the transaction, the vice president now directly owns 21,424 shares in the company, valued at approximately $6,461,478.40.

Whether the claims relating to the Tesla Roadster turn out to be accurate will remain to be seen, but we can certainly reasonably expect the charging capabilities of the vehicle to be in the 600 miles ballpark.

Tesla's two-vehicle launch came as the company faces legal, financial and production problems. Winfield Associates Inc. grew its stake in Tesla by 85.2% during the 2nd quarter. Tesla Motors Inc has $500 highest and $140 lowest target.

Despite such concerns, Tesla shares were up about 1.4 percent at mid-day. The traditional second front seat is relegated to the back of the cab as a jump seat. Musk also stated that this figure only refers to the prototype, and that production models may be able to reach the speed even more quickly. (NASDAQ TSLA) opened at $315.05 on Friday.

COPYRIGHT VIOLATION NOTICE: This news story was posted by StockNewsTimes and is owned by of StockNewsTimes. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company is eyeing to grab a significant market share in car industry too.

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But that's not all Musk envisions for Tesla during the next few years.

TSLA has been the topic of a number of recent research reports.

Walmart has revealed that it will be reserving and ordering 15 of the new Tesla semi trucks - with 5 slated for use in the US and 10 in Canada.

Shoker Investment Counsel Inc. holds 0.49% of its portfolio in MV Oil Trust for 107,806 shares. Oppenheimer Holdings, Inc. reiterated a "hold" rating on shares of Tesla in a research note on Thursday.

VERONIQUE DUPONT via Getty Images Tesla chairman and CEO Elon Musk unveils the new 'Semi' electric Truck for buyers and journalists on November 16, 2017 in Hawthorne, Calif. Albion Group Inc Ut has 2,548 shares. They set an "underperform" rating and a $280.00 price target on the stock. The stock currently has an average rating of "Hold" and an average target price of $330.28.

In other Tesla news, Director Stephen T. Jurvetson sold 44,777 shares of Tesla stock in a transaction dated Tuesday, August 22nd. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Robert W. Baird restated an "outperform" rating and issued a $411.00 price objective on shares of Tesla in a research report on Monday, September 18th. The disclosure for this sale can be found here.

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