Tesla Motors IPO up 40 percent in 2 days

Posted on 30 June 2010 by admin

TSLA stock went from an IPO of $17, up to $20 on the first day, up to $24.24 on the second day, peaking at $30 per share.

Tesla Motors sells 2 models of cars:

2010 Tesla Roadster $128,500

Tesla Motors Roadster Sport

- Improved Power and Handling
- Power motor: Hand wound stator and increased winding density for lower resistance and higher peak torque
- 0-60 mph in 3.7 seconds
- Custom tuned suspension: Adjustable dampers and anti-roll bars tuned to driver’s preference
- Dark finish forged alloy Tesla wheels
- Tires: Yokohama A048 Ultra High Performance
- Unique Sport badging

Tesla is now delivering the Roadster Sport, a shockingly high-performance sports car based on the world’s leading electric, zero emission vehicle. Price starts at $128,500 in the United States, €99,000 (excluding VAT) in Europe and £101,900 (including VAT) in United Kingdom.

2012 Tesla Model S $49,900

Tesla Motors Model S

- 300 mile range
- 45 minute QuickCharge
- 0-60 mph in 5.6 seconds
- Seats 7 people
- More cargo space than sedans
- 2X as efficient as hybrids
- 17 inch infotainment touchscreen

With a range up to 300 miles and 45-minute QuickCharge, the Model S can carry five adults and two children in quiet comfort – and you can charge it from any outlet, without ever stopping for gas. World’s first mass-produced electric vehicle offers performance, efficiency and unrivaled utility for a base price of $49,900*, making it the only car you’ll ever need.

Electric Power

Drive Quickly, Tread Lightly. Most electric vehicles operate under the assumption that driving is merely a necessary evil if you need to get someplace you can’t reach on foot or bike. The result has been cars that are designed, built, and marketed in ways that refuse to glorify driving.

We respectfully disagree. We believe driving is exhilarating. Just watch any child on a go-cart and the joy is plain to see. And when you can soar along at top speed, knowing the only oil in the car is in the transmission, the only emissions are the songs from the radio, the ride becomes more enjoyable still.

The Ultimate Multi-Fuel Vehicle

Electric cars equal freedom. Not simply from oil reliance, but from dependence on any specific power source. Electric power can be generated from natural gas, coal, solar, wind, hydro, and nuclear sources — or a combination of all of them — without changing the design of the car. No matter how or when the world changes, the car adapts, making it immune from obsolescence.

We foresee a day when all cars run on electric power and when people will struggle to remember a time when a love of driving came with a side order of guilt.

No More Tradeoffs

Up until now, if you wanted a car with amazing gas mileage, you’d pick something like the leading hybrid; but when you pressed down the gas pedal to zip up a freeway on-ramp, you’d likely be a little disappointed — it takes over 10 seconds to reach 60 miles per hour. On the other hand, if you demanded the 0 to 60 times of a $300,000 supercar, you’d wind up with an embarrassing 9 miles to the gallon in the city.

Acceleration & Torque = Instant Freedom

The first time you drive the Tesla Roadster, prepare to be surprised. You’re at freeway speed in seconds without even thinking about it. There is no clutch pedal to contend with and no race-car driving techniques to perform. Just the touch of your foot and you’re off, without any of the sluggishness of an automatic.

How powerful is the acceleration? A quick story to illustrate. A favorite trick here at Tesla Motors is to invite a passenger along and ask him to turn on the radio. At the precise moment we ask, we accelerate. Our passenger simply can’t sit forward enough to reach the dials. But who needs music when you’re experiencing such a symphony of motion.

Rest assured that this responsiveness works at all speeds, as noticeable when you’re inching your way through parking lots as when flying along freeways.

100% Torque, 100% of the Time
The Tesla Roadster delivers full availability of performance every moment you are in the car, even while at a stoplight. Its peak torque begins at 0 rpm and stays powerful at 14,000 rpm.

This is the precise opposite of what you experience with a gasoline engine, which has very little torque at a low rpm and only reaches peak torque in a narrow rpm range. This forces you to make frequent gear changes to maintain optimal torque. With the Tesla Roadster, you get great acceleration and the highest energy efficiency at the same time. All while requiring no special driving skills to enjoy it. This makes the Tesla Roadster six times as efficient as the best sports cars while producing one-tenth of the pollution.

Tesla Raises Hopes for Cleantech IPOs

Its stock’s 41% jump on Day One may herald a shift in sentiment

With all eyes in the cleantech world focused on Tesla Motors’ (TSLA) first day of trading on June 29, venture capitalists and industry executives released a collective cheer when the stock of the electric vehicle maker surged 41 percent. Even sweeter, the investor support came on a day when the Standard & Poor’s 500-stock index and Nasdaq both plunged more than 3 percent.

It’s been a grim time for cleantech investors. Prior to Tesla, there hadn’t been a U.S.-based initial public offering since A123 Systems (AONE), a maker of batteries for electric cars, went public in September. With stock markets worldwide reeling, solar-panel maker Solyndra pulled its IPO filing on June 18, choosing instead to raise $175 million in debt.

That was only part of the reason for skepticism leading up to Tesla’s first day of trading. The company has been losing money since opening for business in 2003, and Tesla says it won’t see profitability for at least two years as it moves from selling $109,000 sports cars to cheaper sedans.

The Palo Alto (Calif.)-based company’s shares rallied on Day One to a stock-market value in excess of $2 billion. Chief Executive Officer Elon Musk sold shares worth at least $24 million. The strong showing had investors seeing a window of opportunity for more “liquidity events,” to use a Silicon Valley term for IPO. “It really lubricates the way,” says Nat Goldhaber, managing director of Claremont Creek Ventures in Oakland, Calif., which invests in energy-conservation companies. “You’ll see a rush of bankers and companies trying to push through new green-based IPOs.”

THE NEXT CLEANTECH IPO?

No one knows which cleantech company might go public next, but the likeliest are those that, like Tesla, have raised tremendous amounts of money—and thus need to find a way to pay back investors. Fuel-cell manufacturer Bloom Energy, biofuel producer Sapphire Energy, and solar companies eSolar and BrightSource Energy each have raised at least $100-million in venture capital. Better Place, which is trying to build a network of battery-swapping facilities—sort of like filling stations for electric cars—raised $350 million in May.

For these and other cleantech companies, the Tesla IPO “is a real confidence builder,” says Gary Bloom, the CEO of eMeter, which makes software to help utilities manage data and bolster energy efficiency. EMeter has raised more than $70 million. While the decade-old company isn’t preparing for an IPO, Bloom says, Tesla’s success is “proving that things are moving in the cleantech sector and that there’s real deliverables.”

Bloom is quick to caution against reading too much into Tesla’s opening-day gains. After A123 raced out of the gates on Sept. 24, the stock proceeded to lose half its value over the next nine months and continues to sell below its offer price.

The bottom line Tesla’s initial public offering may be a “real confidence builder” that paves the way for more cleantech IPOs.

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