Stocks: Tesla IPO! Suckers any?

Dforkus said:
Yah, that's a real "disaster":cool:

This isn't 1999, nobody expects an IPO to quadruple its intial offering price in 24 to 48 hours..
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I guess it was just a disaster for the suckers that bought it at $30+ and held it.
 
I’m surprised by the hate for Tesla on here. They're an innovative company who are bringing something new to the table instead sitting around maintaining the status quo like GM and Chrysler.

There aren't any electric cars that can even hold a candle to the performance or range of Tesla's cars, not to mention their styling. 300 miles on 1 charge?! How many people do you know that drive more than 300 miles in a day, let alone, a week? The power and performance from their engine is comparable to any luxury car that the Model-S would be competing with.

Personally, I see this as the car of the future. 300 miles on 1 charge is their capacity right now but if this company performs anything like their Silicon Valley counter parts then we'll see vast improvements to this in a short period of time.

The only real draw back that I see right now is not being able to travel long distances. It’s possible to do a 45 min charge at the moment but the infrastructure doesn’t support it yet. My only solution for long distance travel would be renting a gas powered car till the battery technology and infrastructure catches up.
 
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Fr3shjive said:
I’m surprised by the hate for Tesla on here. They're an innovative company who are bringing something new to the table instead sitting around maintaining the status quo like GM and Chrysler.

There aren't any electric cars that can even hold a candle to the performance or range of Tesla's cars, not to mention their styling. 300 miles on 1 charge?! How many people do you know that drive more than 300 miles in a day, let alone, a week? The power and performance from their engine is comparable to any luxury car that the Model-S would be competing with.

Personally, I see this as the car of the future. 300 miles on 1 charge is their capacity right now but if this company performs anything like their Silicon Valley counter parts then we'll see vast improvements to this in a short period of time.

The only real draw back that I see right now is not being able to travel long distances. It’s possible to do a 45 min charge at the moment but the infrastructure doesn’t support it yet. My only solution for long distance travel would be renting a gas powered car till the battery technology and infrastructure catches up.
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The main problem with Tesla is receives a lot of subsidies from the US govt.
 
Thrashertm said:
The main problem with Tesla is receives a lot of subsidies from the US govt.
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Thats pretty much a given for anybody in the car business. You're operating at a disadvantage if you're not getting subsidies from the govt.

Im not condoning it but it is what it is. Either way, I think Tesla is the auto company of the future. While the big three are hanging on to the 100 year old technology of the internal combustion engine Tesla will continue to innovate their batteries and the technology they use in their cars. Think the innovation of Silicon valley applied to the auto industry.

The big 3 can barely survive on their own with out govt bail outs. With Tesla ready to change the entire auto industry Im pretty sure they'll be a thing of the past.
 
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Why did they use LiIon instead of LiPo?

LiPo offers a much higher charge (re: amps, however - can't match mAh generally) for the volume and costs roughly the same cost, but this can be corrected simply by operating the batteries in parallel. I understand they're difficult (relatively............. but not really -- a reliable LiIon charger costs about $20, but a reliable LiPo charger costs about $60+ ---- This is consumer-grade batteries, though) to charge, but I don't really understand the advantages of using a LiIon battery for a car.

Li-Ion is an awkward old technology I think most would agree is on its way out. Admittedly, I'm actually having trouble finding a reasonably-priced power inverter for my LiPo batteries (not that it's relevant), but I can't imagine why anyone would prefer LiIon, esp. for something torque-hungry like a car.
 
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If they can get them out soon they will sell a lot around the San Francisco bay area alone.

It is an idea thats time has come. They have the range for most commuters and we have a lot of room on the power grid late at night to have it charged up for the next day.

They are located in Fremont, California in the old NUMMI plant .

http://www.mercurynews.com/news/ci_16096342?source=rss&nclick_check=1

I wish them all the luck.
 
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Fr3shjive said:
Thats pretty much a given for anybody in the car business. You're operating at a disadvantage if you're not getting subsidies from the govt.

Im not condoning it but it is what it is. Either way, I think Tesla is the auto company of the future. While the big three are hanging on to the 100 year old technology of the internal combustion engine Tesla will continue to innovate their batteries and the technology they use in their cars. Think the innovation of Silicon valley applied to the auto industry.

The big 3 can barely survive on their own with out govt bail outs. With Tesla ready to change to the entire auto industry Im pretty sure they'll be a thing of the past.
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As we have seen with Microsoft vs. everyone in the operating system space, there's so much more to consider than mere technical superiority.
 
Fr3shjive said:
My only solution for long distance travel would be renting a gas powered car till the battery technology and infrastructure catches up.
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Really? I'd think designing it so you could do quick swaps of them at "filling stations", just like exchanging your propane tank.
 
Carson said:
If they can get them out soon they will sell a lot around the San Francisco bay area alone.

It is an idea thats time has come. They have the range for most commuters and we have a lot of room on the power grid late at night to have it charged up for the next day.

They are located in Fremont, California in the old NUMMI plant .

http://www.mercurynews.com/news/ci_16096342?source=rss&nclick_check=1

I wish them all the luck.
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I agree. I'm really failing to see the disadvantages aside from long distance driving and in that case I can just rent a car.

The $50k price tag is definitely a barrier for most people but they're planning to have a $20k-30k version released shortly after the 50k version.
 
specsaregood said:
Really? I'd think designing it so you could do quick swaps of them at "filling stations", just like exchanging your propane tank.
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That's a possibility. Im not really sure how they're going to approach it.

The thing is that those batteries cost $7k+ and I dont think people are going to be so willing to give them up if there's a chance they'll get one in return that is on its last leg.
 
Fr3shjive said:
I agree. I'm really failing to see the disadvantages aside from long distance driving and in that case I can just rent a car.

The $50k price tag is definitely a barrier for most people but they're planning to have a $20k-30k version released shortly after the 50k version.
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I'm with you on both of those points.

I would guess 90% of my driving is to work and back and local trips.

The price is steep for me. So steep it isn't costing me any more to look and dream of this little commute buggy.

2007_tesla_roadster_convert.jpg


Or maybe...

Tesla%20S.jpg



P.S. I think I've heard tell of some charging times down about how long it would take to stop and eat somewhere, but I could have hallucinated it.
 
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Tesla Motors is knocking the cover off the ball.

http://www.teslamotors.com/about/press/releases/tesla-model-s-sales-exceed-target

Tesla Model S Sales Exceed Target
Profitability Guidance Amended Upward; 40 kWh Battery Cancelled
Sunday, March 31, 2013

Tesla Motors announced today that sales of its Model S vehicle exceeded the target provided in the mid-February shareholder letter. As customers who note their Model S serial number this weekend will realize, vehicle deliveries (sales) exceeded 4,750 units vs. the 4,500 unit prior outlook. As a result, Tesla is amending its Q1 guidance to full profitability, both GAAP and non-GAAP.

“I am incredibly proud of the Tesla team for their outstanding work. There have been many car startups over the past several decades, but profitability is what makes a company real. Tesla is here to stay and keep fighting for the electric car revolution,” said Elon Musk, Tesla Motors co-founder and CEO. “I would also like to thank our customers for their passionate support of the company and the car. Without them, we would not be here.”

Also being announced today is that the small battery option for the Model S will not enter production, due to lack of demand. Only four percent of customers chose the 40 kWh battery pack, which is not enough to justify production of that version. Customers are voting with their wallet that they want a car that gives them the freedom to travel long distances when needed.

The customers who ordered this option will instead receive the 60 kWh pack, but range will be software limited to 40 kWh. It will still have the improved acceleration and top speed of the bigger pack, so will be a better product than originally ordered, and can be upgraded to the range of the 60 kWh upon request by the original or a future owner.

Tesla is also revealing a small Easter egg today: all 60 kWh cars have been and will be built with Supercharger hardware included. Tesla is taking a slight cost risk that ultimately all customers will want to buy the Supercharger upgrade and receive unlimited, free long distance travel for life. Even for those that never drive long distances, this will improve the resale value of their car to people that do.
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Stock is up over 10% today. It's over doubled since the IPO.
 
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LOL i saw this topic title and said to myself dang I want in, but then I saw the date :(
 
Cowlesy said:
I bought shares a month or two ago. Talk about getting lucky with timing....
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I've done a lot of independent contracting work for dealerships (Ford, Toyota, Honda, Chrysler) and I thought the price point for their new model was awesome. That was immediately what I thought when it was announced last year (ish?).

Although in my case I still wouldn't make me want to buy one though lol. I have no reason to upgrade my perfectly good 2008 altima and probably wont for another 5 years at the earliest. Although at the rate I'm using it lately it might last be another 15 years given that I'm currently living in a downtown and working at home.
 
MRK said:
I've done a lot of independent contracting work for dealerships (Ford, Toyota, Honda, Chrysler) and I thought the price point for their new model was awesome. That was immediately what I thought when it was announced last year (ish?).

Although in my case I still wouldn't make me want to buy one though lol. I have no reason to upgrade my perfectly good 2008 altima and probably wont for another 5 years at the earliest. Although at the rate I'm using it lately it might last be another 15 years given that I'm currently living in a downtown and working at home.
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What sold me on it were owner's exclamations at how much they love the car. There will always be a market for products people like owning. Secondly, I spent time searching the internet looking for people who hate the car and want to get rid of it. You will not find very many of them, which gave me more faith in the product. Finally, the capital structure of the company is based around a $400M government loan with a ridiculously low interest rate (my opinion on the rate). So as long as people love the product, they're making more (growth), they can continue to finance the company's growth and are turning a GAAP profit, I figured it was time to buy some shares.

I'd love to own one someday (city dweller here, so no car) so as not to send more cash to those jerks in the Middle East.
 
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