Porsche, Audi and Mercedes give Tesla Motors Inc. (NASDAQ:TSLA) a run for its …

27 Oct 2014 | Author: | No comments yet »

Ban on Tesla Motors Inc (NASDAQ:TSLA).

Tesla Motors Inc. (NASDAQ:TSLA) is facing big competition from various car manufacturing companies, in order to remain a powerful contender in the electric car industry. Audi AG, Porsche and Mercedes; Germany’s top three auto-makers are developing new luxury cars that are expected to be in the market before the end of 2017. Reportedly, some anti- Republican legislators and governors show that they are doing their full efforts to protect auto dealers of General Motors and of other motor companies from the danger of competition.

Porsche is looking to make all-electric luxury car, based on a smaller version of its 4-door luxury car, Panamera that will come into the market in 2018. We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects.” Toyota Motor Corp (TYO:7203) didn’t disclose the number of shares it disposed during the deal. The auto-dealers around the US are infuriated with Tesla’s decision to go with dealer-free model and are trying to push for a law which bans the companies directly selling cars to customers, quoting the anti-competitiveness reasons. Rick Snyder (R) who is donating the most expensive cars to the state signed a law to banned Tesla Motors in his state for selling his cars in the country. Other countries like New Jersey, Texas, Arizona, Maryland and few other countries too are building other creative restrictions that make it stiffer to sell cars locally.

As of now, Mercedes does not have the required auto structural engineering to manufacture the large batteries which are required to give a remarkable range of 400 kilometers mileage. If you don’t like our car for any reason in the first three months, you can just return it and your remaining lease obligation is waived.” The new leasing option is likely to lower monthly payments by 25% making the purchase affordable with US Bank backing the overall deal. Analysts will look for insight on whether the short-messaging service’s strategy of adding “buy” buttons, new advertising products and a smoother signup process for new members is paying off.

The stock edged higher on Friday after Wunderlich Securities said, “we expect the company to post revenues, EBITDA and EPS above our estimates and the consensus. Tesla has been poled from its own stores in the state, so manufacturers go on test drives where the customers go actually and purchase cars instead of being opening information galleries where people can only leer at the car and not buy them or talk about their prices. Earlier, Toyota came up as the most successful car-seller during the first nine months of 2014 with 7.615 cars sold during this period as compared to 7.4 million cars sold by Volkswagen AG (ADR) (OTCMKTS:VLKAY) and 7.372 sold by General Motors Company (NYSE:GM). We expect the company’s continuous improvements to the core product and efforts to grow the service internationally to help support MAU growth, which we estimate to be 285 million for Q3. We believe advertisers have continued to increase their spending on social platforms, including Twitter, and estimated advertising revenues should increase over the next several quarters.

We believe the business and financial model are gaining momentum, but are more cautious on the shares, which are trading at 14.5x EV/S and 64x EV/EBITDA on our FY 15 estimate growing 61% Y/Y and 101% Y/Y, respectively.” Separately, Photo-sharing service Twitpic announced in a company blog post that an agreement had been reached with Twitter which will give Twitter ownership of the Twitpic domain and its expansive photo archives. Question among consumers is that why this law is applicable only to auto makers and not to phone makers like Apple Inc. (NASDAQ:AAPL) or the cloth sellers like Gap. Article talked about the fact that four out of five state Governors, who are Republicans, except for Maryland’s Governor, O’Malley who is a Democrat. BMW has officially discharged two crossover electrics, the i3; a contender to the Mercedes-Benz’s keen auto and the new i8 that uses a fuel motor to power the back wheels and an electric engine to power the front. Bush as Governor of Texas who first imposed the law against dealer-free sales of automobiles, this has been a continuing story of Republicans making laws to hinder the auto maker’s growth.

In light of the current stock market status, the company will need to develop active strategies that enable it to handle the current competitive market.

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