4. COMPANY OUTLOOK
• Tesla has ramped up the production of MODEL X and MODEL 3.
• MODEL X is aimed mid-tier income range consumers in order
to expnd the customer base with base price $35,000.
• MODEL 3 is slotted to ship in late 2017.
• Launched Autopilot during 4th Quarter of 2015 and Powerwall
will be introduced
• The stock faces pressure because of decline in fuel prices
5. BACKGROUND
• Tesla Motors was founded in 2003 by Elon Musk in San Carlos, CA.
• Market Capital: $24.66 billion
• Common Stock: 127,225,000 shares
• Leading developer of electric-vehicle technology
• IPO was held on June 29, 2010. 13.30 million shares were offered for
$17.00 each.
• Lead managers at IPO : Deutsche Bank, Goldman Sachs, Morgan
Stanley, J.P. Morgan
6. CAPITAL STRUCTURE AS OF 9/30/15
• Total Debt: $2633.2 million
• Due 5 years: $1589.3 million
• Long Term Debt: $2605.2 million
• Long Term Interest: $27 million
7. EXPANSION
• Gigafactory 1 in Nevada operates at 14% capacity and the
company has set sights on deploying full capacity.
• Gigafactory 2 is likely to be developed in Europe and Asia as
company aims to expand the manufacturing capability
regionally.
• Japan and Germany are the foremost runner for construction
prospects.
