Stocks: Tesla IPO! Suckers any?

[WaltM]

expected to lose money until 2012? Don't let you conscience be your guide!

http://autos.yahoo.com/articles/aut.../with-ipo-tesla-bets-on-electric-cars-future/

 

[Fox McCloud]

Yeah...this is bad--you get a crap-ton of government subsidies and you STILL are on the verge of failing.

In any event, it may be worth investing in, but given the price of their vehicles...I don't think this will bode well.

 

[eOs]

Lol definitely a long term stock to hold onto if you're willing to risk a significant amount of money.

 

[fatjohn]

This could certainly be one of the companies in which i'll put my money in when gold tops out. If they survive that long, that is. They are very innovative, check out the slick design of the model S, the technology is exponentially rising and the CEO is basically a genius. Plus with the economy improving in 5 years from now, oil will only rise, and electric is pretty much the only viable alternative out there. Hoping to buy it in a few years at 500 shares/ounce.

 

[Jordan]

Plus with the economy improving in 5 years from now, oil will only rise, and electric is pretty much the only viable alternative out there. Hoping to buy it in a few years at 500 shares/ounce.

As much as Tesla's cars cost, the people who can afford them can certainly afford oil too, probably at any price.

I'm more interested in what Toyota/Ford bring out. They're already well established, well financed firms with plenty of earned brand loyalty. Plus, I'm sure their electric cars will cost just pennies on the dollar to Tesla's high end models.

 

[WaltM]

As much as Tesla's cars cost, the people who can afford them can certainly afford oil too, probably at any price.

No kidding, people who buy hybrids today can afford the gas too.

People who drive veggie cars, not so much, but they risk messing up their car with the construction.

I'm more interested in what Toyota/Ford bring out. They're already well established, well financed firms with plenty of earned brand loyalty. Plus, I'm sure their electric cars will cost just pennies on the dollar to Tesla's high end models.

yep. which makes why tesla started as an independent company a mystery

 

[Cowlesy]

Wonder how much of that cash is going to pay accumulated dividends on the preferred that likely got converted to common and if the bookrunners will exercise their greenshoe (if there is one) based on where the stock goes.

 

[Bruehound]

[/QUOTE]the CEO is basically a genius

a genius would have never allowed himself to become ensnared into a government abyss.

 

[buck000]

I'm more interested in what Toyota/Ford bring out. They're already well established, well financed firms with plenty of earned brand loyalty. Plus, I'm sure their electric cars will cost just pennies on the dollar to Tesla's high end models.

Interesting: http://www.teslamotors.com/media/press_room.php?id=2509

I would have seriously considered the sedan (freakin' GORGEOUS + performance) if it and, more importantly, service had been available in TX. I love the electric aspect, it is an American company, etc., etc.

The people who 'can afford oil' need to be the people who vote their $$$ in alternatives such as these, imho...

'Course, I wound up buying a big stonkin' V8 of a Hyundai Genesis, so don't listen to me. (I figured it to be my last chance to have a luxe v-8 sedan, the next vehicle will be a gas-sipper/EV, and I generally ride a motorcycle to work)

 

[Elwar]

I've been following the electric car industry for some time. Tesla is a good company in that they actually understand and embrace capitalism. Any other electric vehicle company is usually all flash, putting together a prototype and then touring the country talking about how they're going to do great things, grid-tie, carbon footprint, etc. They get invited to all of the cool environmentalist parties, they get interviewed within the green echo chamber and enjoy the notoriety of it all...but then the company goes nowhere, they create an ugly monster that nobody would ever want to drive and it has no performance whatsoever.

Electric cars are inevitable. When battery capacity doubles every 5 years or so it'll go from an average of 100 miles per charge to 200 to 400, etc...getting to the point that you can drive across the country on just one charge.

 

[Thrashertm]

Update: the Tesla IP happened. According to Zero Hedge "Disaster"

Traded as high as $30, but settled at $17.

http://www.zerohedge.com/article/tesla-ipo-disaster

 

[Jordan]

Update: the Tesla IP happened. According to Zero Hedge "Disaster"

Traded as high as $30, but settled at $17.

http://www.zerohedge.com/article/tesla-ipo-disaster

Let's put that in context...

ZeroHedge is full of conspiracy theorists so out of their mind they make RPF look sane.

 

[Thrashertm]

Let's put that in context...

ZeroHedge is full of conspiracy theorists so out of their mind they make RPF look sane.

Looks like ZH isn't alone on this one

"Headline: Tesla shares slump below IPO price as investors bail

Investors who bought Tesla Motors Inc.’s initial public stock offering last week thought they had a hot one.

They did -- for a day and a half. But it has been all downhill since.

Shares of the electric sports car maker plunged for a third straight session Tuesday as investors bailed out, pushing the stock below the IPO price of $17."

http://latimesblogs.latimes.com/money_co/2010/07/tesla-stock-ipo-offering-price-elon-musk.html

 

[Jordan]

Looks like ZH isn't alone on this one

"Headline: Tesla shares slump below IPO price as investors bail

Investors who bought Tesla Motors Inc.’s initial public stock offering last week thought they had a hot one.

They did -- for a day and a half. But it has been all downhill since.

Shares of the electric sports car maker plunged for a third straight session Tuesday as investors bailed out, pushing the stock below the IPO price of $17."

http://latimesblogs.latimes.com/money_co/2010/07/tesla-stock-ipo-offering-price-elon-musk.html

Sure, the stock bombed after nearly doubling the value that Tesla assigned to itself. The company literally doubled in value in 48 hours and you don't expect a correction?

Besides, Tesla generated tens of millions more than it expected with its IPO in one of the worst recessions in American history. That's pretty freakin' good.

 

[Thrashertm]

Sure, the stock bombed after nearly doubling the value that Tesla assigned to itself. The company literally doubled in value in 48 hours and you don't expect a correction?

Besides, Tesla generated tens of millions more than it expected with its IPO in one of the worst recessions in American history. That's pretty freakin' good.

Why are you so defensive on this IPO? What price did you buy your Tesla shares at?

According to this - Tesla priced the stock at $17. Now it's trading at $17.26

http://www.businessweek.com/news/20...obably-generated-24-million-for-ceo-musk.html

 

[Jordan]

Why are you so defensive on this IPO? What price did you buy your Tesla shares at?

According to this - Tesla priced the stock at $17. Now it's trading at $17.26

http://www.businessweek.com/news/20...obably-generated-24-million-for-ceo-musk.html

First, I didn't buy any Tesla stock. I posted this earlier in this thread:

"As much as Tesla's cars cost, the people who can afford them can certainly afford oil too, probably at any price.

I'm more interested in what Toyota/Ford bring out. They're already well established, well financed firms with plenty of earned brand loyalty. Plus, I'm sure their electric cars will cost just pennies on the dollar to Tesla's high end models."

----

I'm just saying that Tesla's IPO was not a failure and was not at all a "disaster." They raised 27% more cash than planned.

These are ZeroHedge headlines...they love to beat up any company that doesn't sell metals.

 

[WaltM]

First, I didn't buy any Tesla stock. I posted this earlier in this thread:

"As much as Tesla's cars cost, the people who can afford them can certainly afford oil too, probably at any price.

I'm more interested in what Toyota/Ford bring out. They're already well established, well financed firms with plenty of earned brand loyalty. Plus, I'm sure their electric cars will cost just pennies on the dollar to Tesla's high end models."

----

I'm just saying that Tesla's IPO was not a failure and was not at all a "disaster." They raised 27% more cash than planned.

These are ZeroHedge headlines...they love to beat up any company that doesn't sell metals.

 

[anaconda]

Teslas are supposed to be incredible vehicles.

 

[Dark Aerow]

I see electric vehicle being the future, although I think it's a little to early to bet the farm on them...but who knows technology in this sector of the economy appears to be developing rapidly. If Tesla survives the next few years (somehow) it might not be a bad investment. Too risky for me though.

The technology has a long way to go before being commercially viable. Hybrids are the logical stepping stone toward full on electric vehicles with small engines to regenerate batteries for long trips.

 

[Bman]

I see electric vehicle being the future,

I'd say part of the future. I still think the combustible engine will be the first choice due to it's ease if refueling. I'm not saying putting a plug into an outlet is difficult rather it's time consuming and I'm not so sure what would happen if everyone gets home and plugs their car in at the same time to our power grids.

I think algae oil and hydrogen make for some interesting solutions. They also with their fair share of problems, but conceivably easier to refuel which in my opinion makes them a more viable solution.

The future is a mystery, I'm not sure we'll see a definitive answer in our lifetimes if one technology will prevail the was fossil fuels have. Of course given the nature of governments maybe we will.