The electric car manufacturer Tesla Motors Inc. celebrates a fresh achievement. According to the statistics data, the company’s shares surpassed $200 apiece hitting the highest ever value in the company’s history. For the last twelve months, Tesla Motors’ shares price has performed spectacularly jumping over five fold. Back in February 2013, its shares were trading at merely $38.42 apiece. Tesla Motors went through ups and downs during the whole 2013. Car battery’s combustion in several Tesla Model S electric cars exerted an adverse impact on demand. The experts’ conclusion revealed that a series of explosions occurred because metal objects got inside battery units. Incidents triggered the stock price decline. The company’s spokesperson made a statement that car owners had to upgrade the software which would enable them to lower the current rate in case a storage battery is overheated. The thing is that motorists had to install the upgrade on their own without giving a car back to the producer. Alternatively, they could turn to a branded car service center. Despite this, officials from the U.S. National Highway Traffic Safety Administration consider it a routine recall service. However, by autumn 2013 enthusiasm of market participants had returned and demand resumed as consumers became aware that electric cars were safe. So, Tesla shares took off on a meteoric rise. As of October 4, the stock’s bidding price was $194; then the shares’ value slipped marginally. However, at the end of 2013, Tesla’s analysts recorded the stock price increase more than five fold. It should be reminded that nowadays over 30,000 electric cars by Tesla Motors have been sold so far. The U.S. manufacturer is about to develop Asian sales markets. In early 2014, the company obtained permits to launch car sales in China. Meanwhile, the company reached a weekly vehicle production rate of 550 units. Compared to conventional cars, this production output is rather small. However, taken into account electric cars’ innovative features, it suggests a promising sales outlook. According to GAAP standards, Tesla Motors’ revenue more than doubled to $615.2 million in 2013 due to booming demand.
