Tesla Motors Inc (NASDAQ:TSLA)

tsla stockTesla Motors Inc (NASDAQ:TSLA) has sparked interest in electric vehicles. Founded in 2003 by Elon Musk, Tesla makes higher-performance electric cars. The company’s flagship model, the “Roadster,” is capable of 245 miles per charge. Tesla’s second vehicle, the “Model S” sedan, is a full-sized sedan capable of achieving efficiency of 89 miles per gallon of gasoline equivalent. The newly introduced “Model 3,” which starts at $35,000, is much more affordable than the Roadster ($100,000) and Model S ($75,000). Roughly 400,000 orders have been placed for the Model 3, which is expected to start to roll off the production lines in 2017.
What the future holds for TSLA stock remains unclear. On June 21, 2016, the company acquired alternative energy company SolarCity Corp (NASDAQ:SCTY) in a $2.8 billion deal. Many analysts believe the deal means Tesla stock is becoming less of a play on the autoindustry and more of a clean energy giant.

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