Electric Car Stocks Investor Alert; Tesla Motors, Inc. (NASDAQ: TSLA) Reports Strong Sequential Revenue Growth

February 16, 2011 (investorideas.com renewable energy/green news) Investorideas.com a leader in cleantech investor research, reports on electric car stocks and battery stocks trading following better than expected earnings news from Tesla Motors, Inc. (NASDAQ: TSLA).

Sector Snapshot

• A123 Systems, Inc. (NasdaqGM: AONE) trading at $9.89, up 0.15 (1.54%) 10:17AM EST
• ENER1, Inc. (NASDAQ: HEV) trading at $ 3.77 0.00 (0.00%)
• Ecotality, Inc. (NasdaqCM: ECTY) trading at $ 3.83, up 0.0894 (2.39%)
• EVCARCO (OTCBB: EVCA)) trading at $0.0630, up 0.0140 (28.57%)
• Tesla Motors, Inc. (NASDAQ: TSLA) trading at $ 24.36, up $ 1.52 (6.65%) 10:15AM EST
• UQM Technologies, Inc. (NYSE Amex: UQM) trading at $ 3.46 0.00 (0.00%)
• Valence Technology, Inc. (NASDAQ:VLNC) trading at $ 1.42 0.00 (0.00%)
• ZENN MOTOR COMPANY INC. (CDNX: ZNN.V) trading at $ 1.77 0.08 (4.73%)

Market Snapshot

• Dow 12,287.38 +60.74 +0.50%
• Nasdaq 2,821.64 +17.29 +0.62%
• S&P 500 1,335.12 +7.11 +0.54%
• 10 Yr Bond (%) 3.6210% +0.0050
• Oil 84.47 +0.15 +0.18%
• Gold 1,371.40 -2.20 -0.16%

Company Snapshots
EVCARCO (OTCBB: EVCA) (www.evcarco.com) is an automotive retail group dedicated to deploying a franchised coast-to-coast network of environmentally friendly dealerships and vehicles.
Tesla Motors, Inc . (NASDAQ: TSLA) Tesla's goal is to produce a full range of electric cars, from premium sports cars to mass-market vehicles – relentlessly driving down the cost of electric vehicles. It is currently the only automaker in the United States that builds and sells highway-capable EVs in serial production. Palo Alto, California-based Tesla designs and manufactures EVs and EV powertrain components. Tesla has delivered more than 1,500 Roadsters to customers in North America, Europe and Asia. The Tesla Roadster accelerates faster than most sports cars yet produces no emissions.
Recent News
Tesla Motors (Nasdaq:TSLA ) Reports Fourth Quarter and Full Year 2010 Results
Strong Sequential Revenue Growth
Gross Margin Improves
Model S Alpha Drives on Schedule; Program on Track for mid-2012 Deliveries
PALO ALTO , Calif.-- (www.investorideas.com renewable energy/green newswire )-- Tesla Motors, Inc. (Nasdaq:TSLA ) today announced its preliminary unaudited financial results for the quarter and year ended December 31, 2010. Revenues for the fourth quarter of 2010 were $36.3 million, a 16% increase from the $31.2 million reported in the prior quarter. Gross margin improved to 31%, up from 30% for the prior quarter. On a full year basis, 2010 revenues were $116.7 million as compared with revenues of $111.9 million reported in the prior year. Gross margin improved to 26% for the full year 2010, up from 9% for 2009.
Full news: http://www.investorideas.com/news/2011/renewable-energy/02161.asp
Recent Headlines for Electric Car Stocks
Federal Government Charges Up Electric Car Market
The federal government is hitting the gas on incentive programs meant to prop up the electric car market, raising questions about whether it's appropriate for Washington to continue subsidizing an industry it's already invested in heavily
Fox News
Full news: http://www.foxnews.com/politics/2011/02/15/federal-government-charges-electric-car-market/
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