Tesla IPO
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I just sat down with Alan Salzman, CEO of VantagePoint Venture Partners — perhaps better known today as the first venture capital firm to invest in Tesla Motors — to see how he’s feeling about the big win, and what it might mean for VPVP’s growing green strategy. As you can imagine, he was pretty pleased yesterday, watching Tesla’s stock close 40.5 percent above its initial pricing of $17. His firm offered 238,748 of its 7.13 million shares in the sale, raking in a little over $4 million. But Salzman dodged congratulations on the lucrative exit. “Getting congratulated on something...
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IPO Or Not, Tesla Won't Survive As Independent, Analysts SayQuick, name the last automaker to go public before yesterday's Tesla Motors IPO. Stumped? It was Ford Motor Company. The year was 1956. Perhaps buyers of Tesla Motors stock [NSDQ:TSLA] were optimistic because they had little context to assess the comapny. Tesla's stock soared from its offering...
John Voelcker -
Tesla IPOs, Moves To Build New Roadster In-House and Stop Losses
A Busy Week For One Of the Greenest Sports Car Makers
Jonathan McGrew -
Tesla Building Next-Gen Roadster Completely In-House
Today was a big day for Tesla, with the company’s shares finally trading on Nasdaq and investors pouring in more than $226 million into its coffers. As with any major Wall Street listing, Tesla needed to submit an IPO filing to the SEC detailing its structure, future plans and just exactly where...
Viknesh Vijayenthiran -
Tesla Stock Surges Nearly 41 Percent On First Day Of Trading
Wall Street investors rallied behind Tesla (Nasdaq:TSLA) today, with the electric car start-up’s share price surging nearly 41 percent on its first day of trading on Nasdaq. Tesla’s share price ended the day at $23.89 a share, a gain of $6.89 on its opening price of $17. Just the day before...
Viknesh Vijayenthiran -
Last minute sprint boosts Tesla shares to $23.89, valuation to $2.2B
The Nasdaq is closed, and Tesla Motors [NSDQ: TSLA] is ending its first day on the market at $23.89 a share, a 40.5 percent increase over the $17 pricing it announced last night. This is a rock star showing for the electric car company, which has exceeded expectations that were already sky high. As...
John Voelcker -
Tesla (Nasdaq:TSLA), or TSLA as it will trade under on Nasdaq, has been priced at $17 per share, allowing the electric car start-up to raise more than $226 million in its IPO. Investors were expecting the share price target range to be between $14 and $16 but the overflow of excitement saw Tesla increase the number of shares it plans to offer to 13.3 million, nearly 20 percent more than originally planned. Most of that excitement is riding on news of the upcoming Model S electric sedan, which is expected to go on sale in 2012 priced at around $50,000. News also broke recently that the company...
