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Tesla IPO

  • 2012 Tesla Model S beta vehicle, Fremont, CA, October 2011

    Abu Dhabi, the capital city of the United Arab Emirates, might be working hard to ensure that the oil-producing nation becomes more environmentally friendly--but that hasn’t stopped its state-owned utility company from selling its 7 percent stake in Californian electric automaker Tesla Motors [NSDQ:TSLA] Abu Dhabi National Energy Co. (TAQA), which is 75 percent owned by the Abu Dhabi government, said the sale earned it a profit of $113 million. Transferred to TAQA in December 2010, the 7.3 million shares were originally purchased from Tesla by the Abu Dhabi Water and Electricity...

  • 2013 Tesla Model X crossover teaser
    2014 Tesla Model X: Watch All-Electric Crossover's Live Debut

    Electric-car fans have waited eagerly for more details—or even a picture—of the third vehicle from EV maker Tesla [NSDQ: TSLA]. Aand now the time has arrived. Tonight, at 8 p.m. PST, Tesla CEO Elon Musk is expected to pull the wraps off the Model X, the company’s upcoming...

  • Elon Musk
    Tesla Now Trading Higher Than Ford, GM, VW After 2012 Model S Launch

    It may not be delivering its much-anticipated 2012 Model S Sedan to the its first customer until the middle of next year, but Californian electric automaker Tesla [NASDAQ: TSLA] is now trading higher than many of its traditional gasoline rivals on the NASDAQ exchange. At a high-point of $24.95 so...

  • 2011 Tesla Roadster Sport. Photo by Joe Nuxoll.
    Tesla Raises $210 Million More In Dash To Produce Model X SUV

    Tesla Motors, the company building high-end electric vehicles such as the Roaster sports car, raised more than $200 million today in a follow-on public offering. Much of the money is being used to help pay for development of its third electric car — the sport utility vehicle styled Model X...

  • 'Revenge of the Electric Car' premiere: Tesla Motors CEO Elon Musk on red carpet
    Elon Musk Says Tesla Won't Be Sold, But Elon Musk Is Wrong

    In a sign of its continuing need for capital--and the good performance thus far of its stock--Tesla Motors said today it would sell 5.3 million more shares of common stock. At the same time, according to the announcement, Tesla CEO Elon Musk plans to buy an additional 1.5 million shares of the...

  • Saab 9-5
    Struggling Saab Now Valued At Just One-Fifth Of Tesla Motors

    Saab fans all over the world are looking anxiously at a company that says it's pulled itself back from the brink of death. Again. The latest rescuer is the little-known Chinese carmaker Hawtai Motor Group, which will invest 120 million euros ($177 million) in Spyker Cars NV, the Dutch company that...

  • Tesla Model S and Roadster

    Silicon Valley startup electric-car maker Tesla Motors released its 2010 earnings report yesterday, and--as you might expect from a startup that has sold only cars for three years--it lost money. Investors apparently weren't fazed by the rising tide of red ink. Tesla shares closed yesterday at $22.84, down slightly from the previous day's close of $23.08, but opened today higher, at $23.10. The company's IPO was priced at $17 per share, and opened at $19. For the full year of 2010, Tesla [NSDQ:TSLA] lost $154 million, almost triple its 2009 losses of $56 million. Revenues for 2010 were $117...

  • Tesla Motors, Palo Alto, California
    Tesla Motors Stock Drops 16 Percent, Analysts Pile On Worries

    As VentureBeat suggested on Thursday, the entry of new shares onto the market today has caused Tesla’s stock to drop. The stock is trading down 16 percent today now that the 180-day post-IPO lockup period has ended and insiders are free to sell their shares. The stock is trading at $25.30...

  • L.A. Auto Show: Toyota RAV4 EV teasers
    Tesla-Powered Electric RAV4: Initially Just "A Few Thousand"

    One of the more eagerly awaited green vehicles at next week's 2010 Los Angeles Auto Show is the electric RAV4 crossover that Toyota will launch in partnership with Tesla Motors. Now we learn that the initial order is for little more than a test fleet of perhaps 2,000 vehicles, according to Tesla...

  • 2011 Tesla Roadster 2.5
    Tesla Shows Open Road To More Losses In Q3

    Tesla has announced its third quarter results. They show that revenues are down 31 percent from a year ago and that the car maker is losing nearly eight times as much money compared to the previous year. This quarter, Tesla lost $34.9 million, up 7.6 times from the $4.6 million from a year earlier...

  • Tesla Model S Sedan
    Panasonic To Join Parade of Tesla Investors With Toyota, Daimler

    As these things often happen, it was rumored in the Japanese press and then confirmed hours later. Panasonic, the huge Japanese consumer electronics conglomerate, is investing in Tesla Motors, building on a previous agreement to work together on large-format lithium-ion cells for electric car...

  • Elon Musk Speaks
    Tesla's Elon Musk Sneers at 'Primitive' 2011 Nissan Leaf Battery

    Automakers often do comparison ads showing how their features or specs are better than their competitors', but they don't generally trash other makers' designs in public. Like so many conventions, this one doesn't seem to apply to Elon Musk, CEO of venture-funded startup Tesla Motors [NSDQ:TSLA]...

  • Tesla Motors CEO Elon Musk with Tesla Roadster

    As predicted, Tesla Motors posted higher losses for the second quarter during its earnings announcement today — its first as a public company. The electric vehicle maker says it brought in $28.4 million revenue, but lost $38.5 million ($5.04 a share), up from the $29.5 million lost last quarter and $10.8 million last year. Considering that the Palo Alto, Calif. company just purchased a major automotive plant in Fremont, Calif. for $42 million and is scaling up development of its Model S sedan, the loss was expected. The company cites its 5.4 percent growth in revenue for the quarter (ended...

  • Martin Eberhard
    Tesla Founder Eberhard Leading VW Efforts in Silicon Valley

    Many global automakers have research outposts in Silicon Valley. BMW's is one floor of an unremarkable office building in downtown Palo Alto, while Volkswagen's much larger Electronics Research Laboratory (ERL) occupies a whole building in an office park nestled in the foothills above Stanford...

  • Elon Musk on The Colbert Report
    Video: Elon Musk Talks Cheaper Teslas, Space Trips And Life On The Colbert Report

    Elon Musk leads a complicated life, from Tesla Motors' recent IPO to an ongoing and nasty divorce battle, not to mention questions about his veracity, but the seemingly subdued Tesla CEO remains firmly in the public eye. He took the time to go on the latest episode of The Colbert Report, where he...

  • Toyota RAV4e electric vehicle, San Francisco, March 2010
    Are Tesla And Toyota Re-Electrifying RAV4EV, Going Supercar?

     We've known for some time that Toyota and Tesla are planning on working together on an EV, despite protests to the contrary. But with two separate rumors breaking today this partnership looks ever more likely to produce not one, but potentially two very interesting cars. That's if the rumor mill...

  • Tesla Store in LA
    Tesla Takes The Trendy Train, Hires Ex Apple-Stores, Gap Guru

    Super sexy Silicon Silicone Valley darlings Tesla Motors might be feeling a little motion sickness after the ups and downs of its first two weeks on the stock market, but its most recent hire brings a whole new level of retail chic to its aggressive sales plans. You'd be forgiven for thinking that...

  • Tesla Roadster Sport at Boulder, Colorado Dealership
    UPDATE: Tesla To Send Toyota 2 Cars Converted To Electric Power

    [UPDATE: Tesla spokesman Ricardo Reyes says the original report via Bloomberg that Tesla would develop two separate electric models for Toyota was erroneous, and may have been further confused later by the fact that Tesla had developed two prototype RAV4 vehicles.] ++++++ UPDATE: Citing Japanese...

  • Tesla Motors CEO Elon Musk at the wheel of a Tesla Roadster

    Elon Musk, the CEO of electric-car startup Tesla Motors and rocket-launcher SpaceX, should be applauded for the mighty challenges he’s taken on and the powers of persuasion he has deployed to build his companies. But along the way, he discovered that he could stretch the truth, casually and frequently, as a shortcut to getting things done. Clad in a sheen of bubbly optimism, his mendacity nonetheless has consequences. Through Tesla’s IPO, he has now taken hundreds of millions of dollars from taxpayers and public investors who expect not just a return but square dealing from the man who is...

  • Screen shot 2010-07-06 at 12.02.10 PM
    Green stocks sputtering out on public markets as Zipcar nears IPO

    Last week, electric car maker Tesla Motors made history as the first automotive company to go public since Ford in the 1950s, but its share price continues to drop, down another 9.24 percent so far today. Despite its buzz and sex appeal, it looks like the company won’t be able to escape the fate...

  • Elon Musk
    IPO Nets Tesla CEO Elon Musk A Cool $24 Million

    When Tesla (Nasdaq:TSLA) finally listed on Nasdaq on Tuesday its share price went from $17 up to $23.89 at the end of trading, a gain of almost 41 percent in just one day alone. Scores of profit takers would have been rejoicing; among them Tesla CEO Elon Musk who managed to walk away with a cool...

  • Closing price of Tesla Motors stock on third day of trading
    Why Is Tesla’s Stock Deflating After Only Two Days?

    Good news for those of you who shorted Tesla Motors' stock: the electric car company’s shares are already falling in price as the zeal around its $226 million public debut begins to fade — after just two days. TSLA closed at $21.96 today, its third day of trading, after falling $1.87. Yesterday...

  • Tesla Roadster 2.5
    2011 Tesla Roadster 2.5: New Looks, Wheels, Seats, Less Noise

    Tesla's on a roll, it seems. Two days after its successful public stock offering, the company has released details of the latest updates to its Roadster electric sports car--known as "Roadster 2.5" after software-release numbering. The 2.5 version sports some new styling at front and rear...

  • 2010 TAG Heuer Tesla Roadster
    Tesla Stock Update: Day Two Trading Comes Out Nearly Flat

    Is This An Indication Of the Future?

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