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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tesla Inc.    TSLA

TESLA INC.

(TSLA)
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Tesla Motors Inc : Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit on Behalf of Investors of Tesla Motors, Inc.

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11/22/2013 | 03:25pm EST

Glancy Binkow & Goldberg LLP, representing investors of Tesla Motors, Inc. ("Tesla" or the "Company") (NASDAQ:TSLA), announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of a class (the "Class") comprising all purchasers of Tesla securities between May 10, 2013 and November 6, 2013, inclusive (the "Class Period").

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT 888-773-9224, OR AT 212-682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

Tesla designs, develops, manufactures and sells electric vehicles and electric vehicle powertrain components. The Complaint alleges that during the Class Period the defendants misrepresented or failed to disclose that:

  • Statements about the Model S's highest safety rating and lack of prior fire incidents were materially misleading, due to undisclosed puncture and fire risks in its undercarriage and lithium ion battery pack.
  • The Model S suffered from material defects which caused the battery pack to erupt in flames under certain driving conditions.
  • Tesla's future sales, next generation Model X introduction, and stock price were vulnerable to the inherent risk posed by the Model S's design flaws.
  • The Company was unable to maintain sufficient automobile deliveries to satisfy analyst concerns and compensate for other declining revenue streams.

If you are a member of the Class described above you may move the Court no later than January 7, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements.

If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at 888-773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at 212-682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg, 888-773-9224
or
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh, 212-682-5340 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com


© Business Wire 2013
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Financials (USD)
Sales 2019 24 318 M
EBIT 2019 -217 M
Net income 2019 -831 M
Debt 2019 7 417 M
Yield 2019 -
P/E ratio 2019 -71,1x
P/E ratio 2020 220x
EV / Sales2019 2,79x
EV / Sales2020 2,28x
Capitalization 60 542 M
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Mean consensus HOLD
Number of Analysts 33
Average target price 304,90  $
Last Close Price 335,89  $
Spread / Highest target 57,8%
Spread / Average Target -9,23%
Spread / Lowest Target -43,4%
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NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
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