Dougherty Comments on Tesla Motor's (TSLA) Model S and Factory, Tops Expectations

While the car meet expectations, the company's factory beat expectations. The factory is currently 90 percent complete, well ahead of what was anticipated. Dougherty highlights that the only things left to do are install the Fuji Industries tooling dies and set-up the final inspection space.

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The firm found out at the meeting that Toyota (NYSE: TM) and Daimler were not the only companies testing batteries with TSLA, but FedEx (NYSE: FDX) is also testing a new truck with a Tesla battery.

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