Loss seen as step to big long-term profits -
Luxury electric car maker Tesla Motorsí shares hit new records after its latest financial results,
with the latest price of close to $150 a share showing a gain of about 350 per cent for 2013
Investors apparently want to make sure they have a piece of a new company which they hope will be a
big and profitable player for years to come.
Deutsche Bank believes Tesla sales will reach at least 200,000 a year before the end of the decade.
Morgan Stanley reckons Tesla sales will reach 55,000 by 2015, and over 520,000 by 2027.
Tesla will make its first operating profit next year, with margins peaking at 17 per cent
in 2021 and 2022 before normalising at 15 per cent, according to Morgan Stanley analyst Adam
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