• Jun 23rd 2010 at 2:56PM
  • 23
So, Tesla's long-awaited IPO is due next week, and there's a lot of chatter about whether to invest or not. Considering this is the first automotive company IPO in ages, this particular offering is getting noticed by people who might otherwise not be paying attention. We're still not going to tell you whether to put your money into Tesla or not, but we will show you what some other people are saying, starting with Mad Money's Jim Cramer, who thinks that the IPO is scorching hot but that the stock itself is absolutely not worth holding onto. Miss Electric, on the other hand, has come up with five reasons to buy and hold onto TSLA stock. Both are excited about the "wow factor," but come to different conclusions about what that actually means. Cramer, in fact, predicts Tesla will go the way of A123, with a big first day jump and then a serious slump. You can watch Cramer after the jump, keeping in mind one thing he doesn't say: that Tesla's sales have slowed; Green Tech Media figured out that the company is only selling about 10 cars a week.

Last November, before the IPO was officially announced, we asked our readers whether you were interested or not, and the results were 55-45 in favor of investing. It's been a long six months since then, and we wondered if anything had changed. Let us know.

Now that it's finally here, will you invest in Tesla's IPO?
Yes (have always been interested) 460 (32.9%)
Yes (changed my mind recently) 53 (3.8%)
No (changed my mind recently) 148 (10.6%)
No (have always been against this investment) 380 (27.2%)
Still don't know 357 (25.5%)

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
      • 5 Years Ago
      Always do the opposite of what ever that nut-job says
      • 5 Years Ago
      I have been following Tesla for a long time, but this deal sounds fishy.
      Tesla won't make any money until they get their Model S built.
      Even then, its their only revenue stream.

      If you're interested in the industry, or putting your money on electric/hybrid vehicles, invest in Quantum Fuel Technologies QTWW. They seem like they're running a great operation.

      Not getting involved with Tesla at the moment, I may invest in a year or so when they hype has died down and the investment banks have cashed out.
      • 8 Months Ago
      This is a trick poll.

      There is no way for any of us to actually buy IPO shares of Tesla. The best we can do is buy shares on the resell market well after the IPO shares have already been sold.

      So none of us can actually click any of the "Yes" responses an honestly buy any of these IPO shares in the IPO offering.

      What a stupid poll!!!
      • 5 Years Ago
      I agree with what that CNBC guy says.

      But, the general consensus with stocks is to NOT follow the general consensus...
        • 8 Months Ago
        Well said.

        Don't bet the kids college fund on it. It's risky but a small amount, money you don't expect to ever see again, might turn a tidy profit in the long run.

        Wait till after the initial rise and fall then decide.
      • 5 Years Ago
      No interest. Some large investors will make a quick buck on IPO day, but everyone else should stay away.
      • 5 Years Ago
      Don't worry about the Tesla IPO. You or I won't even get the chance to buy any.

      Shares in high profile IPO's like this only go out to the big wigs on Wall Street. The brokers make sure their high end clients get first crack.

      I don't particularly think Tesla is a good investment but the company has enough interest for the wealthy to speculate on buying shares.

        • 8 Months Ago
        Does anybody actually hunt for dogs?
        • 8 Months Ago
        @Carney Don't try to take credit for something you didn't invent. Nobody is talking about the idea of joint stock companies.

        This is about crony capitalism - Crony capitalism is not a big achievement. It is what brought the world to its knees in 2008. Ofcourse crony capitalism says - profit for capitalists and losses for everyone else.
        • 8 Months Ago
        Well said Climber,

        This whole shares,stocks thing is bullsht and rigged to the hilt.

        The system is designed to take money from people like us so the rich aholes can get richer.
        • 8 Months Ago
        Noz, try not to sound like a loudmouth ignorant bar yahoo or crazy masked Molotov-thrower.

        Actually, the joint stock corporation is one of the greatest achievements of Western civilization and a key part of why we pulled ahead of China, the Islamic world, and elsewhere. Allowing peaceful people to pool their resources and accomplish more together than they ever could have alone, it has not only enriched those investors but the larger community and society.
        • 8 Months Ago
        High Climber is closer to correct than Carney, though they both have points. While there are definite opportunities to make money in the stock market, you have to know so much arcane knowledge to be able to make a dime it's not easily accessible to the "common man." If you go into the market unprepared you are doing nothing more than tossing your money at the rich a-holes who don't need it anyway (but want ALL of it nonetheless).

        The system is stacked against individual investors in many ways. Take "after hours trading" for example. Many brokers don't have access to it even today and it wasn't even available to us "little people," as the CEO of BP says, until sometime in the 1990s. Before then it was only for the big boys, the rich and fund managers.
        (ref: http://www.investingonline.org/aio/facts_after_hours.html )

        The huge funds move the market in ways that you and I will never be able to do and have no knowledge of. When they all jump in to a stock or all bail out it seems to happen in a flash and most people are caught off guard when that happens. It's almost like they communicate with each other before making their moves - but that can't be because that would be illegal, insider trading. The best weapon in riding the wave or avoiding the crash seems to many individual investors to be luck.

        Research is the key. Do a ton of research on the company or fund you are thinking of buying before you put in a dime. Ditto the market segment that stock resides in. Ditto the economic conditions of the past that seem to parallel what is happening today (this may be a pure guess as the realtime data is usually never available to citizens) and how the stock performed then. Then grab your lucky artificial rabbits foot (can't use a rabbit nowadays) or 4-leaf clover and hang onto your chair.
        • 8 Months Ago

        If you buy it right when it's available to regular people (hint; not millionares/hedge funds/banks) you will lose some money initially as the others sell theirs for a quick buck.
        • 8 Months Ago
        The system is deliberately stacked against individual investors, and pensioners, and the average joe who wonders where the recover is while brokers and wallstreet firms rip off as many people and institutions as they can at a profit. After the collapse hits these guys will be hunted like dogs.
      • 5 Years Ago
      I give Tesla credit for changing the perception of the electric car by making something that was sporty, fast, and fun to drive. Martin Eberhard was behind that vision and once Musk pushed him out, any interest I had in this company disappeared.
      • 5 Years Ago
      After reading this:
      And reading some of Tesla's IPO documentation:
      It looks far too risky for me.
      • 5 Years Ago
      Fundamentally this company is a horrible buy.

      They technically have only one product, make no money, and competition is becoming more mainstream (read: Leaf, Volt). This company will either dissolve or get bought out cheap. Definitely won't buy, and never even considered it.
        • 8 Months Ago
        What a bunch of idiotic nonsense. The fundamentals of the company are significantly better than the average start up. And comparing the Leaf to the Model S is a joke, right?
        • 8 Months Ago
        You left out that they're 100s of millions of dollars in debt and have really high over head for those 10 cars a week they're selling. Actually, I'd be surprised it they're selling 10 roadsters a week. At least that'd be a million dollars a week in revenue, and then it'd only take them about 5 or 6 years to eventually break even.

        All that said, I'm still going to buy a few hundred shares, after the IPO and presumed slump in prices. To give credit where credit's due, they did what no one else had the fortitude to do as early as they did. If anyone asked me if I thought it was a good investment, though, I wouldn't say yes. Their best bet is to be bought out, but it seems like most possible suitors now have their own EV programs in full swing. I wonder if Chrysler could raise the money?
      • 8 Months Ago
      EVs are coming. A better buy would be battery companies, charging equipment manufacturers, and third party suppliers with big contracts. They will survive. Individual EV makers are a crapshoot.

      Tesla's vision was flawed. They waited too long to get the more popular "S"
      model out of the idea book and into the showroom.

      Tesla's loss is Toyota's gain.

      Tesla in-fighting was the Watershed Moment (Waterloo Moment?).
      • 5 Years Ago
      Why are you guys watching pump & dump Jim Cramer - even after he was exposed so well be John Stewart ?
        • 8 Months Ago
        You base real life decisions off of John (sic) Stewart? Scary.

        Next you'll say Huffington post is the real "Fair and Balanced" source of news...........
    • Load More Comments
    Share This Photo X