02.07.2015 - Tesla Motors increased sales
American manufacturer of electric cars Tesla Motors said it sold 11.507 cars of brand Model S during the second quarter. This figure is 52% higher than at the same period last year. Analysts had forecasted sales of 10000-11000 vehicles this quarter. Given the gradual increase in sales of electric cars and projected success of the production of batteries, we expect the company's shares growth by 35-40% per year, and we recommend keeping them in the long-term portfolio.