Tesla Motors Inc. (TSLA) dropped a record 19% after stating two senior engineers on the latest Model S luxury sedan left the US electric-car maker just months ahead of the auto goes on sale.
Peter Rawlinson, Tesla’s vice president and chief engineer, and Nick Sampson, who administered vehicle and chassis engineering, quitted this month, in accordance with Ricardo Reyes, a spokesperson for the Palo Alto, California-based company. [article_latestnews_1]
Tesla, which obtained a $465 million US loan to manufacture its rechargeable models at a plant in Fremont, California, aims to start producing and selling Model S cars by midyear. The company stated previous month that initial versions, able to travel as distant as 300 miles (480 kilometers) per charge, will sell for as much as $92,400 prior to a $7,500 tax credit.
Tesla Motors Inc (NASDAQ:TSLA) last session volume of 5.51 million shares was lesser than its average volume of 0.94 million shares. The stock after opening at $28.40 hit high price of $28.50 and then closed at $22.79 by scoring -19.33%.
The liquidity measure in recent quarter results of the company was recorded 2.67 as current ratio and on the other side the debt to equity ratio was 0.77 and long-term debt to equity ratio also remained 0.77. The Company had total cash at hand $278.39 million and a book value per share as $2.82 in the most recent quarter.
The stock price volatility was 7.97% for a week and 5.05% for a month as well as price volatility’s Average True Range for 14 days was 1.54.
TSLA generated revenue of 201.15 million in the following twelve months and earned -$223.18 million. The Company showed a negative -110.95% in the net profit margin and as well as in its operating margin which remained -109.92%.
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