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TESLA INC.

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Tesla scouting sites for possible factory in Germany's NRW: Rheinische Post

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08/25/2019 | 02:45pm EDT
FILE PHOTO: A Tesla car is seen in Santa Monica

FRANKFURT (Reuters) - Electric carmaker Tesla is scouting out locations for a possible factory in the German state of North Rhine-Westphalia (NRW), Germany's most populous state, daily Rheinische Post reported on Sunday, citing people familiar with the matter.

First inspections have taken place, the paper said.

Tesla spokespeople in Europe were not immediately available for comment.

Tesla Chief Executive Elon Musk said in a tweet in April that the company was "considering" building a factory in Germany.

Last year, Musk said Germany was a leading choice in Europe to build a Gigafactory, adding "the German-French border makes sense, near the Benelux countries".

NRW, Germany's most populous state, shares borders with the Netherlands and Belgium.

Tesla is also looking at the German state of Lower Saxony, which shares a border with the Netherlands, its Economy Minister Bernd Althusmann said earlier this week.

(Reporting by Christoph Steitz; Editing by Frances Kerry)

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Financials (USD)
Sales 2019 24 642 M
EBIT 2019 -551 M
Net income 2019 -1 257 M
Debt 2019 8 214 M
Yield 2019 -
P/E ratio 2019 -33,0x
P/E ratio 2020 1 719x
EV / Sales2019 2,10x
EV / Sales2020 1,71x
Capitalization 43 616 M
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Technical analysis trends TESLA INC.
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Mean consensus HOLD
Number of Analysts 32
Average target price 265,57  $
Last Close Price 243,49  $
Spread / Highest target 118%
Spread / Average Target 9,07%
Spread / Lowest Target -42,5%
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Managers
NameTitle
Elon Reeve Musk Chief Executive Officer
Robyn M. Denholm Chairman
Deepak Ahuja Chief Financial Officer
Jeffrey B. Straubel Chief Technology Officer
Gary Clark Chief Information Officer
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