Tesla CEO Elon Musk is in China for talks with China Petroleum & Chemical Corp. (SNP) to build charging facilities in their nationwide service-station network, according to a Chinese media report today, the Wall Street Journal reports.
The Chinese refiner would build charging units in its gasoline stations in Beijing at first, and then spread them to the surrounding areas of the port city of Tianjin and Hebei province, reported 163.com, an online news portal owned by Internet company NetEase Inc. (NTES), the Journal added.
TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."