After thoroughly shaking the American automobile industry this year, the electric car maker Tesla Motors (NASDAQ:TSLA)
is now out to establish itself in the world’s largest automobile
market, China. Meanwhile, the company is eying uptake in production from
its California factory as it aims to capitalize on the excess demand.
Its recent Q3 report disappointed investors, despite the better than
expected performance in terms of revenues and income.
However, its entry in China, its updated production plans, and the
expected launch of the Model-E, the mass market vehicle in just 13
months, have shown that the business will continue growing its top and
bottom line in the coming quarters. The company is laying foundations
for significant growth in domestic and international markets. Read full article at GuruFocus
