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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
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Amazon-backed Rivian in talks with ministers over UK factory -Sky News

07/31/2021 | 06:32am EDT
FILE PHOTO: Electric vehicle startup Rivian shows off its SUV truck in Mill Valley

(Reuters) -Amazon.com Inc-backed electric vehicle start-up Rivian Automotive is in talks with ministers about building a factory in the UK that could include a big state support package, Sky News reported on Saturday.

The company, which is also backed by Ford Motor Co, has been in negotiations with the British government for weeks about the construction of a plant near Bristol, the report https://bit.ly/3zT7Ron added.

The talks are not yet at an advanced stage but any investment decision would likely be worth well over 1 billion pounds ($1.39 billion), the report said, citing sources.

The Department for Business, Energy and Industrial Strategy (BEIS) declined to comment on "individual investments".

In an emailed statement to Reuters, BEIS said: "While we are working to attract inward investment into the UK to accelerate the growth of new industries, we cannot comment on speculation about individual investments."

Rivian, seen as a potential rival to Tesla Inc, said this month it expects to begin first deliveries of its R1T pick-up truck in September and its R1S SUV in the autumn.

($1 = 0.7191 pounds)

(Reporting by Aishwarya Nair in Bengaluru; additional reporting by William Schomberg and Vishal Vivek; editing by Jason Neely)


ę Reuters 2021
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Analyst Recommendations on TESLA, INC.
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Financials (USD)
Sales 2021 50 368 M - -
Net income 2021 4 109 M - -
Net cash 2021 8 422 M - -
P/E ratio 2021 212x
Yield 2021 -
Capitalization 767 B 767 B -
EV / Sales 2021 15,1x
EV / Sales 2022 11,1x
Nbr of Employees 70 757
Free-Float 81,0%
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 774,39 $
Average target price 686,25 $
Spread / Average Target -11,4%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio Jose Gracias Independent Director
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