Dallas, Texas 08/01/2014 (FINANCIALSTRENDS) – Tesla Motors Inc (NASDAQ:TSLA) despite a disappointing financial return statement for the second quarter did not lose much on the stock market. The loss in terms of earnings per share had increased to 50 cents a share, as loss was reportedly at $62 million. Exactly a year ago, the company’s loss was at $31 million, but the current woeful financial numbers are definitely set-off against the high profile expansion plans into Chinese production zones as well as commencement of work on its second all-electric vehicle.
However, none of the financial numbers had an impact on investor sentiment as Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk shared some of the plans of the company which set-off of the losses and was available to discuss analyst and investor sentiments first-hand.
His replies not only disarmed lingering doubts and concerns but went on to prove that TESLA is technology-driven company. Besides, his response to queries, as reported by Market Watch, “The best service is no service, that’s really what we want. A car that doesn’t need service,” reveals customer-orientated services and commitment.
Tesla Motors Inc (NASDAQ:TSLA) is seeing a successful market growth for alternative-fuel cars with its Model S. Soon, when Tesla will launch its cross-over model the Model X, the company expects higher level of market maturation to drive its sales.
As it adopts higher technology and quality standards with each generation, Tesla is expected to drive the future of alternative-fuel cars. While enthusiasts do claim that the day is not far where electric cars will become the norm over fossil-fuels, Tesla is expected to be trail blazer by investor community.
Tesla’s massive appeal and electric car demand overseas such as densely-populated China is expected to see Model X and its siblings to become the standard across global markets and not remain confined to US markets.