Tesla IPO Raises $226 Million

Posted by kdawson on Tuesday June 29, 2010 @06:34AM from the ok-fine-but-when-will-they-fly dept.

An anonymous reader writes "Tesla, which will trade under TSLA 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." Reader hlovy contributes a link from Xconomy.com summarizing the skepticism among some analysts as to how much staying power TSLA will demonstrate.

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Re:I'd say it's overpriced by Late+Adopter · 2010-06-29 07:11 · Score: -1, Flamebait

The Prius is also less performant than cars in its price-range, and has been selling sufficiently well for a number of years now. The car may suck, but if your marketing is good enough, it doesn't matter. Tesla seems to have very good PR right now, I'd say good enough for 5 years of profits before they have to re-address the tech, assuming their margins are high enough at current pricing.