Expanded Tesla (TSLA) Vehicle Buyback Program Could Ramp Sales
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Price: $370.59 +4.65%
Rating Summary:
29 Buy, 26 Hold, 16 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 15 | New: 50
Rating Summary:
29 Buy, 26 Hold, 16 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 15 | New: 50
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Tesla Motors' (Nasdaq: TSLA) buyback program might be a boon for the automaker.
According to Bloomberg Industries data, Tesla might see about $368 million of added revenue from the sales of used vehicles like its flagship Model S sedan.
Tesla announced a repurchase program for its Roadster vehicle last October and its very likely that the Model S will be included once sales ramp.
In its most recent quarter, Tesla reported revenue of $405 million, from $562 million reported the prior quarter.
Tesla shares are up 2.6 percent Tuesday.
According to Bloomberg Industries data, Tesla might see about $368 million of added revenue from the sales of used vehicles like its flagship Model S sedan.
Tesla announced a repurchase program for its Roadster vehicle last October and its very likely that the Model S will be included once sales ramp.
In its most recent quarter, Tesla reported revenue of $405 million, from $562 million reported the prior quarter.
Tesla shares are up 2.6 percent Tuesday.
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