) has announced that
Tesla Motors, Inc.
) will be added to its MSCI World Index from Aug 30, 2013. The
index covers more than 1,600 large and mid cap stocks trading in
24 developed markets.
MSCI will also add accessory, clothing and footwear company,
Michael Kors Holdings Limited
) to the MSCI World Index. These additions are part of the Aug
2013 Quarterly Index Review for the MSCI Equity Indices.
Tesla designs and manufactures electric vehicles and electric
vehicle power train components. The company sells these
components to various partners including
Toyota Motor Corporation
). The stock debuted in the NASDAQ-100 Index and the NASDAQ-100
Equal Weighted Index on Jul 15 this year.
The stock of decade-old Tesla has recorded massive gains this
year. The year-to-date return of the company is an astounding
However, the rapid price surge is also supported by Tesla's
improving operating performance. The company posted its
first-ever quarterly profit, on an adjusted basis, in the first
quarter of 2013. It posted profit on an adjusted basis in the
second quarter of 2013 as well.
Tesla is making efforts to increase its income. Earlier this
year, the company announced its plans to enter the world's
biggest market - China.
Tesla is also launching a new SUV - Model X - in 2014. The
model scores high on style, with Falcon Wing doors, premium
interior surfaces, panoramic glass and Tesla Touchscreen
installed in the dashboard. It also boasts zero tail-pipe
emission and offers a 60 or 85 kWh battery. The car will have an
optional Dual Motor All-Wheel Drive, which will make it the
fastest SUV, with acceleration from 0 to 60 mph in less than 5
Tesla is also gaining from rising demand for Model S. The
company expects to deliver over 5,000 Model S vehicles in the
third quarter of 2013 and 21,000 vehicles globally in 2013.
Tesla currently carries a Zacks Rank #3 (Hold).
MICHAEL KORS (KORS): Free Stock Analysis
MSCI INC-A (MSCI): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis
TESLA MOTORS (TSLA): Free Stock Analysis
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