Tesla Motors Inc (TSLA) And Elon Musk Unquestionably Ruled 2013

Tesla Motors Inc (TSLA) And Elon Musk Unquestionably Ruled 2013
Blomst / Pixabay

Tesla Motors Inc (NASDAQ:TSLA) is the first successful U.S. automaker in the past several decades. Today its customers and investors are crazy for Tesla Motors Inc (NASDAQ:TSLA). But things were not nearly so rosy for an electric vehicle startup a year ago. Everyone doubted the future of green car startups including Tesla Motors Inc (NASDAQ:TSLA). The Elon Musk-led company and Fisker Automotive had received government loans through the Advanced Technology Vehicles Manufacturing program. People grew more skeptical of Tesla Motors Inc. when Fisker Automotive went out of business, and its battery maker A123 Systems went bankrupt.

In contrast, Tesla Motors Inc (NASDAQ:TSLA), which was an unlikely upstart a year ago, has today established itself as a legitimate electric vehicle maker. Its Model S cars began to garner rave reviews. The stock began to soar, and is up 315% this year so far. They recorded two profitable quarters, beating Wall Street expectations. However, all this success didn’t come easily. Tesla Motors Inc (NASDAQ:TSLA) has faced a lot of hurdles along the way.

Bonhoeffer Fund July 2022 Performance Update