Stocks: Tesla IPO! Suckers any?

[Cowlesy]

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.

I agree. But at least he paid us back with interest (after this fundraising).

 

[Jordan]

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



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?

I haven't looked into the 10K/Qs recently, but from what I read, I heard the DoE wanted a faster payment schedule on outstanding loans. Could be wrong, because I know for a fact that Ford is taking its sweet time to repay its ultra-low interest DoE money. Either way, raising capital from the equity markets is...well, pretty much recognizing that the equity is way too expensive.

 

[brushfire]

LOL... I'd just watched a documentary (series called "Risk Takers") on netflix, regarding Musk.

Pretty good - I dont know how precise it was, but entertaining none the less.

 

[ronpaulfollower999]

Up another 13%.

Cowlesy, you now have no excuse to not max out on liberty candidates the next couple election cycles.

 

[robertwerden]

I bought at $16.75 IPO 28 shares. Holy shit now

 

[fatjohn]

Could eat my hat. Following musk and tesla for alot longer than the ipo, didnt go in because i didnt like the macro economic story. Fml.

 

[Carson]

I just saw a story that sort of hit me where my Tesla is.

It's a story over on Fark today. On the surface it sounds bad. In reality and down the road, I'm not sure. One thing I always knew, the world is a tough town for business now.


"Given that everyone has been using Tesla as an example of a sound government investment and a truly great company, it turns out they've cost taxpayers $1 billion and are even worse than Solyndra"


The story. Doesn't read as bad as the Fark headline.

http://www.slate.com/articles/business/moneybox/2013/05/tesla_is_worse_than_solyndra_how_the_u_s_government_bungled_its_investment.html



The Fark comments. Probably reads much worse than anything either of us could come up with...still some may crack you up. Does me. If I can wade through it;

http://www.fark.com/comments/7773421/Given-that-everyone-has-been-using-Tesla-as-an-example-of-a-sound-government-investment-a-truly-great-company-it-turns-out-theyve-cost-taxpayers-$1-billion-are-even-worse-than-Solyndra

 

[muh_roads]

I agree. But at least he paid us back with interest (after this fundraising).

It'll pay you back by unraveling the petrodollar. Just make sure you are diversified into the correct scarce things before the shit hits.

 

[Seraphim]

http://www.zerohedge.com/news/2013-...-sell-interactive-calculator-has-scary-answer

Don't beat yourself up; Tesla is in big trouble. It's not viable, long term.

Could eat my hat. Following musk and tesla for alot longer than the ipo, didnt go in because i didnt like the macro economic story. Fml.

 

[Carson]

"I saw me four of um afore."


I spotted a nice clean looking car at a stop light. It was waiting to turn left across my bow. The thing I first noticed was how clean the side of the car was. Every thing was flush and aerodynamic. I'm not sure exactly how the door handles work. They just looked like a rectangular chrome pad. Maybe it pushes mechanically. Maybe its a button. It also had an extra turn signal up just in front of the front door that looked flush.

Oh here.

Took me a while to realize it was a Tesla.

 

[axiomata]

"I saw me four of um afore."


I spotted a nice clean looking car at a stop light. It was waiting to turn left across my bow. The thing I first noticed was how clean the side of the car was. Every thing was flush and aerodynamic. I'm not sure exactly how the door handles work. They just looked like a rectangular chrome pad. Maybe it pushes mechanically. Maybe its a button. It also had an extra turn signal up just in front of the front door that looked flush.

Oh here.

Took me a while to realize it was a Tesla.

A few years back there was a documentary called Who Killed the Electric Car. I'm sure it had a bunch of interesting information about special interests working to kill it, but I can't help but think designers played a bit part.

 

[Brian4Liberty]

A few years back there was a documentary called Who Killed the Electric Car. I'm sure it had a bunch of interesting information about special interests working to kill it, but I can't help but think designers played a bit part.

One of the major factors was that GM realized that 100% electric cars needed very little maintenance. The overall GM business model was for dealers to make the bulk of their money on maintenance and repairs.

Interestingly enough, Tesla is now running into the same pressures (from outside the company). Some States are refusing to allow Tesla to sell unless they establish dealerships in the State.

 

[Carson]

Now I've seen me five of them and I suspect I will quit counting.

The factory is busy. Early morning traffic coming and going.

I heard they are producing 500 cars a day. I wonder if we will ever see a video of them rolling out the door?

 

[Carson]

A few years back there was a documentary called Who Killed the Electric Car. I'm sure it had a bunch of interesting information about special interests working to kill it, but I can't help but think designers played a bit part.

Looks like the designers played a part from here.

 

[jllundqu]

If tesla were alive today he'd freakin coil-zap some of those asshats from his mountain lair...

 

[Dforkus]

TSLA 157.63 Up 23.40(17.43%) 12:52PM EDT - Nasdaq Real Time Price

boom...

 

[VBRonPaulFan]

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.

lol

http://www.ibtimes.co.uk/articles/427490/20130124/oil-australia-linc-deposit.htm

 

[Keith and stuff]

One of the major factors was that GM realized that 100% electric cars needed very little maintenance. The overall GM business model was for dealers to make the bulk of their money on maintenance and repairs.

Interestingly enough, Tesla is now running into the same pressures (from outside the company). Some States are refusing to allow Tesla to sell unless they establish dealerships in the State.

So The laws are being changed like in NH this year, Telsa is building additional dealerships and 100s of supercharger stations to recharge in 30 minutes. There are already stations covering my area. By 2014, 80% of the US population is expected to be covered by supercharger stations.
http://www.teslamotors.com/supercharger

 

[acptulsa]

A few years back there was a documentary called Who Killed the Electric Car. I'm sure it had a bunch of interesting information about special interests working to kill it, but I can't help but think designers played a bit part.

GM designers have been doing the same thing to their gas buggies for years. They killed Oldsmobile. What makes you think they're talented or competent enough to do anything intentionally?

One of the major factors was that GM realized that 100% electric cars needed very little maintenance...

One other major factor GM took into consideration is that the Impact featured twenty-nine deep-cycle lead/acid batteries. Batteries which will go bad and need to be replaced every so often, as anyone who has ever owned a car with a self-starter will know. Batteries which, if you multiply the cost of a battery times twenty-nine you will see--would cost almost as much as a rebuilt transaxle.

Who Killed the Electric Car is a fat pile of propaganda. I would hope everyone here is much too smart to take it seriously.

 

[flaversaver]

I bought TSLA this morning at 153. All aboard!!!!