Tesla Motors Inc.???s stock fell 15% yesterday to $25.55, according to the Detroit Free Press. The story said Monday, December 27, 2010 marked the 180-day post-initial public stock offering constraint.
Edmunds.com???s Senior Analyst Karl Brauer said ???The biggest problem facing Tesla is that every automaker is now seriously looking into electric vehicles on some level, and this provides competition from far more established and far better funded organizations. Tesla???s partnership Toyota suggests a possible place for them within the emerging electric car market, but the company could also be simply overwhelmed — and overspent — by the bigger players, making Tesla irrelevant in a relatively short timeframe.???
Edmunds.com analysts expect hybrid electric cars, plug-in hybrid electric cars and battery electric cars accounted for less than 2.5% of all vehicles sold in 2010 and will remain well under five percent of the new car market for at least the next three years.
Tesla???s Stock Takes a Dive
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December 28, 2010