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Facing an array of expansion costs, electric-car maker Tesla Motors said Thursday that it is going to raise $500 million through the sale of an additional shares of common stock.

The 12-month consensus target price for the stock is $293.07, which reflects an upside potential of 15.21% over the current price.

The Company designs, develops, manufactures and sells electric vehicle powertrain components to other automotive producers. But that would be nothing compared with Tesla’s (TSLA) next act.

Global Equities Research reiterated their overweight rating on shares of Tesla Motors (NASDAQ:TSLA) in a report issued on Sunday, Marketbeat.com reports. The stock was sold at an average price of $264.53, for a total transaction of $396,795.00.

They said the software already had safeguards in place to contain and minimize the impact of any security breaches, including a fairly strict isolation of systems related to driving and entertainment. “All the displays go absolute, the sounds will be off and of course the...

Earlier this year, BMW had to offer a software patch after hackers remotely unlocked the doors of its cars.

Tesla Motors (NASDAQ:TSLA) traded up 0.49% on Tuesday, hitting $243.70. This is a no-joke portion for a company worth more than $30 billion. With the new offering, Tesla could raise as much as $750M (same as the amount that was raised in June through debt) if the underwriters...

Tesla Motors Inc. on Friday boosted the size of its stock offering, unveiled just a day earlier, by more than $140 million.

PALO ALTO, Calif-Tesla Motors Inc. has announced its intent to offer approximately US$500 million of additional shares of common stock in an underwritten registered public offering.

Vetr upgraded shares of Tesla Motors (NASDAQ:TSLA) from a hold rating to a buy ratingin a report published onMonday, Market Beat reports.

Tesla Motors, whose Model S is the latest vehicle to be hacked, has already issued a patch to shield software weaknesses.

The company said it has deployed and developed an over the air update to Model S holders to tackle the “vulnerabilities”.

Don’t you wish your mobile device would plug itself in when it needed a charge?

The charger will lower itself into your Model S charging port, connecting itself quite easily, making the whole process of charging your electric vehicle all that easier.

After a Wired article demonstrated how security researchers could remotely disable a new Jeep Cherokee by worming into the car’s infotainment system, automakers are under increased scrutiny over their digital security.