Blazing Stock: Tesla Motors Inc (NASDAQ:TSLA)

[Business Insider] Tesla Motors Inc (NASDAQ:TSLA) made news in 2014 when it gave away all its patents, an unheard of move for what is after all still in many ways a scrappy startup car company.

CEO Elon Musk, from my perspective, was trying to avoid a total collapse of the nascent electric car market. A number of new car companies that emerged around the same time as Tesla have failed. Musk doesn’t want to be operating in a market of one.

Now Toyota has followed suit, but with a different propulsion system: hydrogen fuel cells. The company made the announcement at the Consumer Electronics Show (CES) in Las Vegas on Monday. To view the full article click here.

Tesla Motors Inc (NASDAQ:TSLA), On 11/5/2014, TSLA reported 3 quarter 2014 earnings of $0.02 per share. This result was in-line with the consensus of the 18 analysts following the company and missed last year’s 3 quarter results by 83.33%.

The next tentative earnings announcement is expected on 02/17/2015.

Tesla Motors Inc (TSLA)‘s PE ratio is among the lowest of any stock in the Semiconductors industry and signals that investors have not been willing to pay a premium for this company’s business prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

In terms of ratings, there are eighteen analysts that cover the stock which have provided Q4 2014 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $0.34. The highest estimate is $0.46 while the lowest is $0.14. The company has a one year EPS growth rate of 83.21%.

About Tesla 

Tesla Motors Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Tesla owns its sales and service network. The Company is engaged in commercially producing a federally-compliant electric vehicle, the Tesla Roadster. addition to developing its Model S and future vehicle manufacturing capabilities at the Tesla Factory, the Company is designing, developing and manufacturing lithium-ion battery packs, electric motors, gearboxes and components both for its vehicles and for its original equipment manufacturer customers. These activities occur at its electric powertrain manufacturing facility in Palo Alto, California and at the Tesla Factory. The Company provides services for the development of electric powertrain components and sells electric powertrain components to other automotive manufacturers.