Tesla Motors Value (was SpaceX Updates)

[EarthlingX]

blogs.wsj.com : Tesla Motors Valued At $1.33 Billion Ahead Of Tuesday’s IPO

June 28, 2010, 11:19 PM ET

By Scott Austin

Wall Street has given Tesla Motors Inc. the green light to hold its initial public offering Tuesday, after the unprofitable electric-car company’s underwriters priced the deal above expectations.

Tesla and some of its shareholders sold a total of 13.3 million shares at $17, higher than price talk of $14 to $16 in an already beefed-up offering. The deal gives Tesla $202 million in proceeds, which the company expects to use to develop its next vehicle called the Model S, build a manufacturing facility and fund the expansion of its retail stores. The offering, the first by a U.S. automaker since Ford Motor Co.’s IPO in 1956, also immediately values Telsa at $1.33 billion.

 

[Valcan]

blogs.wsj.com : Tesla Motors Valued At $1.33 Billion Ahead Of Tuesday’s IPO

June 28, 2010, 11:19 PM ET

By Scott Austin

Wall Street has given Tesla Motors Inc. the green light to hold its initial public offering Tuesday, after the unprofitable electric-car company’s underwriters priced the deal above expectations.

Tesla and some of its shareholders sold a total of 13.3 million shares at $17, higher than price talk of $14 to $16 in an already beefed-up offering. The deal gives Tesla $202 million in proceeds, which the company expects to use to develop its next vehicle called the Model S, build a manufacturing facility and fund the expansion of its retail stores. The offering, the first by a U.S. automaker since Ford Motor Co.’s IPO in 1956, also immediately values Telsa at $1.33 billion.

Who knows maybe in a decade or more tesla will be as big and well known as Ford or any other.

All i know is i want one of there cares....i drool.

 

[frodo1008]

Well, I really would not want their cares, but I might want one of their cars!

PS: I normally do not go after a spelling error, but I just could not resist that one for the irony of meaning if nothing else! :lol:

 

[PistolPete037]

Wow, how did I miss this IPO? Looking at the price, the stock's been erratic this week, so I think I'll hold off until the post-IPO afterglow wears off.

 

[vladdrac]

I'd love to invest in Tesla, unfortunately I don't have that kind of money. If I could get to Russia and back out with grandpas gold I would :lol: I guess I'm doomed to being a maintenance person and living off social security. Just for the fun of it: One night when I was a kid, Grandpa and a couple of his pals got loaded and started talking about their escape from Russia at the end of the civil war in 1922. As the story goes not wanting to leave the gold to The Reds a detachment of officers buried some huge gold supply between Sebastopol and Balaklava. Its possible they were just pulling a kids leg, on the other hand, its possible that the story is true and, somewhere between Sebastopol and Balaklava there's a treasure waiting to be dug up. Sigh.

 

[EarthlingX]

www.wired.com : Toyota, Tesla Resurrect the Electric RAV4

By Chuck Squatriglia Email Author

July 16, 2010, 2:28 pm

Toyota and Tesla Motors are going back to the future to update the RAV4 EV, essentially resurrecting an excellent electric vehicle the Japanese company killed seven years ago.

The two companies announced today that they will develop the vehicle with a goal of producing it in 2012, bringing cheers from EV advocates thrilled by the return of a vehicle they adore. It’s a brilliant move for everyone involved. Toyota, which has so far been lukewarm about EVs, gets something on the road quickly and cheaply. And Tesla gets its drivetrain in more vehicles.

“Basically, for a net investment of $8 million, Toyota has gotten itself a ready-made EV program,” said Aaron Bragman, an auto industry analyst for IHS Global Insight. “Toyota is behind the ball when it comes to fully electric vehicles. This is them playing some serious catch-up and doing it for relatively little investment.”

Both companies also get some good PR when they need it. Toyota’s been hit by yet another round of recalls, and Tesla’s stock price fell below its initial offering price earlier this month. The company’s stock rose almost 4 percent today on the announcement.