Tesla Common Stock Paper

361 Words2 Pages

Stock market

Tesla common stock is traded on The NASDAQ Global Select Market under the symbol “TSLA” since it began trading on June 29, 2010. The initial public offering was priced at $17.00 per share on June 28, 2010. The following table sets forth, for the time period indicated, the high and low closing sales price of our common stock as reported on The NASDAQ Global Select Market.

Shareholders

As of January 31, 2017, there were 1,109 shareholders of record of our common stock.

Dividend Policy

The company has never declared or paid cash dividends on our common stock. Based on the disclosures on their 10K annual report the Company does not anticipate paying any cash dividends in the near future.

Stock Performance Graph

The following graph shows a comparison from January 1, 2012 through December 31, 2016, of the cumulative total return for our common stock, the NASDAQ Composite Index, and a group of all public companies sharing the same SIC code as us which is SIC code 3711, “Motor vehicles and Passenger Car Bodies” (Motor Vehicles and Passenger Car Bodies Public company Group). Such returns are based on historical results and are not intended to suggest future performance. Data for The NASDAQ Composite Index and the Motor Vehicles and Passenger Car Bodies Public Company Group assumes an investment of $100 on January 1, 2012 and reinvestment of dividends. We have never declared or …show more content…

(2017, may). Nasdaq.com. Retrieved from www.nasdaq.com: http://www.nasdaq.com/symbol/tsla/stock-chart

(EDGAR online, 2017)

Based on the information reviewed, the operating margin and operating cash are negative. The stock market price is overvalued. Therefore, the tesla stock is not a good buy at this moment.
In the other hand, the company’s business plan is to develop new products using renewable energy sources, as well as developing new technology at a lower cost, to make its products accessible to a larger market

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