Tesla Motors Ipo
What is the NASDAQ Clean Edge Green Energy Index? We had no idea it even existed until NASDAQ sent out a release today saying that electric car pioneer Tesla Motors had been added to it (along with smart grid company PowerSecure International and Vicor Corporation, which makes electric system components). Here's how NASDAQ explains the index:
Himanshu Patel and Vivek Aalok are two people that you've likely never heard of, but you'll certainly become familiar with a report that they recently wrote for J.P. Morgan and here's why: Patel and Aalok wrote up a 38-page research study of Tesla Motors to determine the company's likelihood of success in the coming years. The report, written for current Tesla shareholders, concludes that Tesla Motors' stock prices may jump up by as much as 30 percent, therefore reaching $25, by the end 2011. Th
We can safely say very few people saw this one coming. By the close of trading today, Tesla stock was trading at $23.89 – up a hefty 40.53 percent from the stock's IPO price of just $17. If that's not surprising enough for you, how about this little gem: overall trading on NASDAQ was down by 3.85 percent today, meaning Tesla bucked the market trend for its first day as a publically traded company. This means that today, the company's 13.3 million publically traded shares are worth around $
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 stoc
It's no secret that Tesla's chief executive officer Elon Musk is experiencing some difficulties right now. From the messy divorce to reports that he's broke, Musk has recently made headlines for all the wrong reasons. That's precisely why Tesla Motors hope to distance itself from the CEO as it moves ever closer to its IPO.
The other day, the Wall Street Journal reported that Tesla Motors "incurred a net loss of $29.5 million in the first quarter" of 2010, adding to a total net loss since its founding of "about $290.2 million." Of course, we can't forget that CEO Elon Musk recently said he was broke. None of this is particularly new, but it is constantly being talked about, and WSJ opinion writer Holman W. Jenkins Jr. wrote:
Diving into an extremely competitive and capital-intensive business in which customers generally don't appreciate having access to beta products is not a good way to enhance your personal fortune. In fact, if Elon Musk is being honest in the latest court filings related to his divorce proceedings, it looks like a great way to vaporize a fortune.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models