If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
With First Share Offering, Tesla Bets on Electric Car’s Future
http://www.nytimes.com/2010/06/28/bu...html?src=busln With First Share Offering, Tesla Bets on Electric Car’s Future By THE ASSOCIATED PRESS Published: June 27, 2010 As Tesla Motors begins selling stock to the public on Tuesday, the offering’s success depends on how much investors are willing to bet on a car company that has never made a profit and expects to lose money until at least 2012. Tesla will be the first automaker to go public since the Ford Motor Company held its initial public offering in 1956. It expects the stock sale to raise up to $185 million. The start-up company, which is based in Palo Alto, Calif., believes Americans’ taste in cars is changing. Most analysts agree that electric cars like Tesla’s will catch on as gas prices rise and environmental worries mount. But Tesla faces bigger questions. It has lost $290.2 million since it was founded in 2003 and has not had a profitable quarter. It does not expect that to change until it starts selling its next vehicle, a four-door electric sedan called the Model S, in large numbers. That is not scheduled “until 2012, or possibly later,” according to its filing with the Securities and Exchange Commission. The only car that Tesla now offers is its two-door Roadster — priced at more than $100,000. Tesla has sold just 1,000 since 2008. Even if Americans embrace electric cars, by the time the Model S arrives, it will most likely have tough competition. The Nissan Motor Company is already taking orders on its electric car, the Leaf, which gets 100 miles a charge and is priced at about $25,000 after tax credits. The Chevrolet Volt, an electric car with a gasoline range- extender, goes on sale by the end of this year with a $35,000 price tag. (snip) |
Ads |
#2
|
|||
|
|||
With First Share Offering, Tesla Bets on Electric Car’s Future
SFB spewed:
> >http://www.nytimes.com/2010/06/28/bu...html?src=busln > <snip article> What's the matter, seppo? You afraid that if people start buying Teslas instead of ICE powered cars that the gas stations will go out of business and then you will have to fill your gas tank with your corn squeezins? -- "Hell i once painted a whole car with a bunch of spray cans." --Laura Bush murdered her boyfriend, 3/29/06 Ref:http://tinyurl.com/qqaeq Message ID: |
#3
|
|||
|
|||
With First Share Offering, Tesla Bets on Electric Car’s Future
Toyota Motors has an agreement with Tesla to
purchase a signficant percentage of Tesla's initial public offering of stock so that may limit the number of stock issues that is available for sale to the public and also help stablize the price of Tesla's stock -- atleast temporarily. On Jun 28, 1:02*am, "Speeders & Drunk Drivers Are Murderers" > wrote: > http://www.nytimes.com/2010/06/28/bu...html?src=busln > > With First Share Offering, Tesla Bets on Electric Car’s Future > By THE ASSOCIATED PRESS > Published: June 27, 2010 > > As Tesla Motors begins selling stock to the public on Tuesday, the > offering’s success depends on how much investors are willing to bet on > a car company that has never made a profit and expects to lose money > until at least 2012. |
#4
|
|||
|
|||
With First Share Offering, Tesla Bets on Electric Car’s Future
On Tue, 29 Jun 2010 00:43:44 -0700 (PDT), Neo
> wrote: >Toyota Motors has an agreement with Tesla to >purchase a signficant percentage of Tesla's >initial public offering of stock so that may >limit the number of stock issues that >is available for sale to the public and >also help stablize the price of Tesla's >stock -- atleast temporarily. "The two companies intend to form a specialist team to further those efforts. TMC has agreed to purchase $50 million of Tesla’s common stock issued in a private placement to close immediately subsequent to the closing of Tesla’s currently planned initial public offering." http://www.teslamotors.com/media/press_room.php?id=2509 > > >On Jun 28, 1:02*am, "Speeders & Drunk Drivers Are Murderers" > wrote: >> http://www.nytimes.com/2010/06/28/bu...html?src=busln >> >> With First Share Offering, Tesla Bets on Electric Car’s Future >> By THE ASSOCIATED PRESS >> Published: June 27, 2010 >> >> As Tesla Motors begins selling stock to the public on Tuesday, the >> offering’s success depends on how much investors are willing to bet on >> a car company that has never made a profit and expects to lose money >> until at least 2012. |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Tesla to make electric vehicles with Toyota, buy NUMMI | C. E. White[_2_] | Technology | 25 | May 22nd 10 04:13 PM |
Tesla to make electric vehicles with Toyota, buy NUMMI | C. E. White[_2_] | General | 11 | May 22nd 10 04:15 AM |
Honda Electric Cars - The Wave of the Future | [email protected][_2_] | Corvette | 0 | February 22nd 10 02:36 PM |
FUTURE PRIDICTIONS - STOCKS - PRODUCTS - FUTURE GLOBAL MARKET | [email protected] | Technology | 1 | August 10th 05 09:42 PM |