Stocks: Tesla IPO! Suckers any?

[Brian4Liberty]

A nice 15% jump on that news.

 

[Carson]

I've seen two before.

 

[BamaAla]

Thought about it, but the car sucked on Top Gear; I passed.

 

[Cowlesy]

Not sure why the stock is up so much today, maybe squeezing out some of the short interest?

https://www.google.com/finance?q=tsla

 

[Zippyjuan]

Perhaps this news?
http://www.carscoops.com/2013/04/tesla-motors-offers-unconditional.html

Tesla Motors Offers Unconditional Warranty for Model S Battery

Tesla Motors has announced new measures aimed at improving its client service, including offering "unconditional warranty" for the battery pack of the Model S sedan.
Tesla says all damage to the battery is covered by warranty, including improper maintenance or unintentionally leaving the battery at a low state of charge for years on end. Of course, in case the battery pack is opened by non-Tesla personnel or there’s intentional abuse, the warranty is no longer valid, as is the case if the car is involved in a collision.

Putting aside the scenarios mentioned above, Tesla says the battery will be replaced at no cost by a factory reconditioned unit with an energy capacity equal to or better than the original pack before the failure occurred.

Tesla Motors also announced that it is building a fleet of top of the line Model S loaners for customers whose cars are in service. The loaner cars will have all the best features and options and will be available for immediate purchase at a price that is lower by 1 percent per month of age and $1 per mile. The loaner fleet will also include Tesla Roadster sports cars.

Another measure dedicated to customers is a free valet service for when the car needs servicing. The valet will pick up your car, replace it with a loaner and then return the car when repairs are over.

Finally, Tesla says customers will not lose warranty if they don’t bring their cars to the annual checkup, which is entirely optional.

 

[Cowlesy]

Perhaps this news?
http://www.carscoops.com/2013/04/tesla-motors-offers-unconditional.html

I saw that news last week, and the stock declined on it (probably because it sounds like it could take a bite out of earnings when we get earnings).

It just feels like people are tired of being short since the $30 range, and probably buying protection on the top side while others continue to push the price higher. What goes up, will likely come down at some point. I am sure I will time my exit poorly.

 

[Zippyjuan]

More news: (some older, some new).

http://www.insidermonkey.com/blog/t...utomaker-is-outselling-the-chevy-volt-129243/

Tesla Motors Inc (TSLA): Even This Automaker Is Outselling the Chevy Volt

It's true: Punchy start-up Tesla Motors Inc (NASDAQ:TSLA) is already outselling the much-hyped Chevy Volt.

Earlier this month, Tesla Motors Inc (NASDAQ:TSLA) said it had exceeded its own first-quarter sales target, delivering "at least 4,750" examples of its all-electric Model S luxury sedan to customers.

Contrast that with General Motors Company (NYSE:GM), which sold 4,421 of its plug-in hybrid Volts in North America during the first quarter, according to a Bloomberg report. Nissan (OTCBB:NSANY)'s electric Leaf took third place in the plug-in rankings with 3,695 sales.

That's a great story for Tesla Motors Inc (NASDAQ:TSLA), which is succeeding with its sleek and powerful (and expensive) electric coupe against considerable odds. But what does it say about GM? Is it time for the Volt to be grounded?

Read more at http://www.insidermonkey.com/blog/t...ng-the-chevy-volt-129243/#HIyGWiZfTTxE04ZE.99

http://www.insidermonkey.com/blog/t...at-electric-car-stock-is-the-best-bet-129995/

Tesla is turning to profitability

One of its peers, electric car maker Tesla Motors Inc (NASDAQ:TSLA) is headed by entrepreneur Elon Musk, the co-founder of Paypal. At the beginning of 2011, Tesla Motors Inc (NASDAQ:TSLA) got support from the U.S. Government with a low interest loan of $465 million. This loan is cheap, carrying only 1-1.2% interest. Thus, it has been giving Tesla Motors Inc (NASDAQ:TSLA) a lot of advantages to develop its electric cars. As of December 2012, Tesla booked around $125 million in total stockholders’ equity, $202 million in cash and around $401 million in long-term debt.

For the past five years, Tesla Motors Inc (NASDAQ:TSLA) has posted increasing losses, from $52 million in 2008 up to $266 million in 2012. Tesla has long expected that the Model S could lead the company to a profitable position soon. After years of losses, Tesla finally announced that it turned profitable in the first quarter of 2013 with more Model S cars sold than it had previously expected. For the full year, Musk estimated that the company would deliver around 20,000 Model S battery-powered sedans. The first quarter profitability news has sent the shares up as much as 16% in one trading day, and Tesla Motors Inc (NASDAQ:TSLA) has kept going up to reach as high as $52 per share. Tesla Motors Inc (NASDAQ:TSLA) is currently valued quite expensively, at 47 times its book value.

Read more at http://www.insidermonkey.com/blog/t...k-is-the-best-bet-129995/#lEvxQs8vgEP52s0T.99

 

[Athan]

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/

It is a long term stock. I would invest in Tesla if I had the money.

 

[Carson]

It is a long term stock. I would invest in Tesla if I had the money.

This seems to me exactly what a stock investment should be. Or was meant to be. People risking there money on an idea and putting up the cash to see it through to production. These are the people that usually make out pretty well...or not.

Like I mentioned before, I pass by the Tesla Plant almost every day. For several months now the parking lot has been full of workers cars. They are running ads to find more help. I'm not really seeing many Tesla's on the road yet. I'm pretty old though. They could be all around me. When I was young I knew about every car out there. I saw the Mustangs emerge that just lit up the roadway with youth, vigor, and design. I think it is in the works to happen again with Tesla's.

From what I'm seeing I just know a whole lot of inventory is building and ready to explode out of the plant onto the roadway. Even as bad as the economy and the low times for the spirit of our country can't contain it, I don't think.

If you're one of the ones that put up the cash to make this happen I'm thinking your going to deserve high rewards in the future. If you are thinking of getting in some sort of dividend preferred stock may bethe way to go. I don't know much about it but I'm thinking if I was going to get in I would ask a broker that knows about such things.

Like I said, I've seen two before!

 

[axiomata]

I toured the Googleplex in Mountain View and there's certainly a lot of Tesla's there.

 

[Carson]

I toured the Googleplex in Mountain View and there's certainly a lot of Tesla's there.

The parking lot is a good thing to look at when applying for a job. Some times the question can be, "Is there a parking spot." Some times you can hit a jackpot and know your going to be in good company by what is parked. Maybe some of it might rub off.

 

[axiomata]

The parking lot is a good thing to look at when applying for a job. Some times the question can be, "Is there a parking spot." Some times you can hit a jackpot and know your going to be in good company by what is parked. Maybe some of it might rub off.

The complementary charging stations right next to the handicap spots are another perk.

 

[Cowlesy]

Tesla knocks the cover off the ball with earnings.

$562 Revenue vs $500 est.
$0.12 adjusted eps vs. $0.04 est.

well done, Elon.

http://www.businessinsider.com/tesla-q1-earnings-2013-5

 

[Barrex]

He he .. We in Croatia got another one. It is called "CONCEPT ONE". Fastest electric car in the world.

and his "gay-ish" brother:

 

[ronpaulfollower999]

Tesla knocks the cover off the ball with earnings.

$562 Revenue vs $500 est.
$0.12 adjusted eps vs. $0.04 est.

well done, Elon.

http://www.businessinsider.com/tesla-q1-earnings-2013-5

Up 22% in after hours.

 

[Cowlesy]

Up 22% in after hours.

It mostly carried over into today, up around 20%.

 

[Zippyjuan]

http://enews.earthlink.net/article/bus?guid=20130509/512face2-5ad5-459d-85d1-477a4b1c35b2

Tesla Model S gets Consumer Reports' top score

By TOM KRISHER
From Associated Press
May 09, 2013 12:39 PM EDT
DETROIT (AP) — The Tesla Motors Inc. Model S electric car has tied an older Lexus for the highest score ever recorded in Consumer Reports magazine's automotive testing.

The Model S, which starts at $62,400 after a federal tax credit, scored 99 points on a scale of 100 in the magazine's battery of tests.

"It accelerates, handles and brakes like a sports car. It has the ride and quietness of a luxury car and is far more energy-efficient than the best hybrid cars," Jake Fisher, the magazine's director of automotive testing, said Thursday in a statement.

The magazine tested a Model S that cost $89,650 and was equipped with an 85 kilowatt-hour lithium-ion battery that's larger than the standard battery. The car went from zero to 60 mph in only 5.6 seconds. The magazine said it handled like a Porsche sports car, yet it was the quietest car it had tested since the Lexus LS. The interior, the magazine said, was beautifully crafted and reminded testers of an Audi.

Consumer Reports found that the Model S had a range of about 180 miles on cold winter days and 225 miles in moderate temperatures, far higher than other pure electric cars that go 75 or 80 miles on a single charge. Tesla says the 85 kwh battery-car can go 300 miles at 55 mph.

Charging the Model S costs about $9 at the national average of 11 cents per kilowatt-hour, the magazine said, making the car equal to running a conventional vehicle on gasoline that costs $1.20 per gallon, Consumer Reports said. The magazine calculated that the Model S got the gasoline equivalent of 84 miles per gallon.

The Model S, though, didn't get Consumer Reports' coveted "Recommended Buy" rating because the magazine doesn't have sufficient data to judge reliability of the car, which went on sale last year.

The car was not without shortcomings. Consumer Reports said its drawbacks include limited range, long charging times and coupe-like styling that hinders rear visibility and crimps passenger access. The magazine also was concerned about buying a car from a startup company with no track record of reliability or resale value and a "skimpy (although growing) service network."

 

[Cowlesy]

Sorry, I have to given it's now up 30%!!!!!! (at 3:13pm est)

 

[Cowlesy]

Tesla announces a secondary offering of common stock, also doing an offering of convertible notes. Intends to pay off Department of Energy loan. Elon Musk (Founder) to participate for $100 million.

http://www.teslamotors.com/about/pr...ngs-common-stock-and-convertible-senior-notes

Tesla Motors Announces Offerings of Common Stock and Convertible Senior Notes
Elon Musk to Lead Common Stock Offering; Tesla Intends to Pay Off Department of Energy Loan with Interest
Wednesday, May 15, 2013

Palo Alto, CA – May 15, 2013 — Tesla Motors, Inc. (NASDAQ: TSLA) announced today offerings of 2,703,027 shares of common stock and $450 million aggregate principal amount of convertible senior notes due 2018 in concurrent underwritten registered public offerings. In addition, Tesla has granted the underwriters a 30-day option to purchase up to an additional 405,454 shares of common stock and $67.5 million in aggregate principal amount of the notes.

In addition, Elon Musk, Tesla’s Chief Executive Officer and cofounder, intends to purchase shares of common stock at the same public offering price for an aggregate purchase price of $100 million. Of this amount, approximately $45 million would be purchased in the common stock offering, and approximately $55 million would be purchased directly from Tesla in a subsequent private placement due to the waiting period requirements of the Hart-Scott-Rodino Act.

The aggregate gross proceeds of the offerings, including the options granted to the underwriters, and the private placement is expected to be approximately $830 million. Tesla intends to use the net proceeds from the offerings to prepay Tesla’s outstanding loan from the United States Department of Energy, pay the cost of convertible note hedge transactions and for general corporate purposes.

The notes will be convertible into cash and, if applicable, shares of Tesla’s common stock. The interest rate, conversion price and other terms of the notes are to be determined.

In connection with the offering of the notes, Tesla intends to enter into convertible note hedge transactions and warrant transactions which are generally expected to prevent dilution up to 100% over the offering stock price. In connection with establishing their initial hedge of the convertible note hedge and warrant transactions, the hedge counterparties or their affiliates expect to enter into various derivative transactions with respect to our common stock concurrently with or shortly after the pricing of the notes, including with certain investors in the notes.

Goldman, Sachs & Co. is acting as sole book-running manager for the offering of common stock. Goldman, Sachs & Co., Morgan Stanley and J.P. Morgan are acting as joint book-running managers for the notes offering.

An effective registration statement relating to the securities was filed with the Securities and Exchange Commission on May 15, 2013. The offering of these securities will be made only by means of prospectus supplements and the accompanying prospectus. Copies of the final prospectus supplements and accompanying prospectus may be obtained from Goldman, Sachs & Co., via telephone: (866) 471-2526; facsimile: (212) 902-9316; email: [email protected]; or standard mail at Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282-2198; from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014, or by telephone at (866) 718-1649 or email: [email protected]; or from J.P. Morgan Securities LLC, via telephone: (866) 803-9204; or standard mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the registration statement, the prospectus contained therein or the prospectus supplements.

I'm actually a little worried about this, because, why pay back the Department of Energy loan with it's ridiculously below market interest rate?

 

[muh_roads]

I wish Tesla the best. I think Elon Musk is a good person for investing everything he has into this. I don't like Tesla getting Government grants but what can you do? It is better than giving it to Big Oil. We need to get the fuck away from oil.