Hendren Group Comments on Tesla & Musk Early Repayment
Hendren Group looks at Tesla and Elon Musk's latest achievement of early repayment to the US government of $20 Million dollars.
- (1888PressRelease) June 27, 2013 - Hendren Group, the international global investment company based in Tokyo, Japan, have recently issued a statement to their investors outlining the various advantages of including Tesla shares as part of a well-balanced portfolio.
Hendren Group Head of Principle Investments, Marcus Davis said, "In a surprise move Tesla Motors Chief Elon Musk has once again achieved an important milestone by following the example of Lee Iacocca, who 30 years ago as Chrysler's CEO repaid a controversial U.S. bailout early. We here who have been observing Tesla see this as very good indicator not only of the upcoming strength that Tesla is showing but also as a vote for Elon Musk the company's CEO and co-founder. This goes a long way toward silencing the old school thinking of placing green high tech start up's all in a class not to be taken seriously at and at the same time cements the beginning of long term growth for Tesla."
Hendren Group reflect of Iacocca's 1983 repayment of Chrysler's U.S. loans seven years early have skeptics who seem to have made their reputations speaking against anything that might be green or groundbreaking reassessing their views. While it is a good comparison, they are about two different situations.
Hendren Group's Marcus Davis added, "Take a look at Tesla to date they're a startup that's achieving every milestone they set. Chrysler was an older company near death. While investing in Chrysler at that time was risky for that very reason, now putting faith in all things Tesla is sound advice for forward looking individuals."
Big carmakers that do not seem to feel any pressure to repay the US Government are steadily going along, the repayment schedule for Ford and Nissan is 10 years with an unspoken maybe implied. Fisker has missed a payment, close to bankruptcy, stopping output last year and firing most of its workers. Tesla has proven it's self to be the winner in the race, however the Hendren Group will still be keeping a close eye on Fisker as two companies make bids to buy the company, surprisingly for the same amount Tesla paid back to the US Government.
"It is plain to see that the first alternative auto with reliability, excellent range and convenience coupled with a competitive price will prove to be more profit producing than the dot com era for the deserving company who reaches this lofty plateau. Tesla is about to come into sight of the finish line. We feel there are many paths available to our investors allowing them to see solid advantages returned for their effort." Hendren Group Head of Principle Investments, Marcus Davis said and then went on to say "There will be a backlash caused by general feelings universally held by people who have grown to expect higher and higher prices at the Gas pump and increasing prices for new cars. In their view they have been gauged unfairly, many now looking for the alternative from the requirement of petroleum fuel."
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