Tesla Motors Inc (NASDAQ:TSLA) auto maker is offering 4,344,930 shares of its common stock company also offered the underwriter an option for 30-days to purchase up to an additional 651,740 shares of common stock.
Company cut its revenue target for year 2012, and warning that it has dropped behind on its production goals for its Model S sedan.
Company’s Shares plunged during after hours of trading as company forecasted third quarter revenue well below from Wall Street outlooks.
Model S sedan having the range from $50,000 to $110,000 before tax credits. Company said that it had manufactured only 255 vehicles from June through Sunday yet it expects to make 2,500 to 3,000 during the fourth quarter.
Tesla Motors Inc (NASDAQ:TSLA) trade with volume of 1.53 million shares in last session was unexpectedly higher versus average trading capacity of 1.29 million shares. The stock at opening bell was at $27.66 gained the maximum price level of $28.40 and then finished the day at $27.54 by scoring -0.43%.
TSLA remained successful in generating revenue of 153.86 million in the trailing twelve months and made net income of -$342.04 million. The Company maintained a negative -222.31% for the net profit margin and in its operating margin it had -221.20%.
The TSLA painted price to sales ratio of 18.87 and price to cash ratio at 13.79for past 12 months. As far as the returns from the company is concern, return on asset remained as -48.07%.
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