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Tesla IPO Raises $226 Million
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.
Today Elon Musk, CEO of Tesla Motors, was seen shaking the robotic arm of a submersible BP robot at the IPO celebration ...
My work here is dung.
Unfortunately in other news the founder of Jigaboo Motors, creators of the nigger-powered car, Gary Niger reported that his company's IPO was less succesful at a closing price of 15 cents a share for 371337 shares up for sale.
Seems investors were fully charged.
Clearly, many people don't remember pets.com
I have to admit though I'm a little disappointed they didn't get the stock ticker COIL.
The enemies of Democracy are
Its pretty damn hard to get a venture capitalist to hand over a quarter billion dollar for anything less than your eternal soul plus interest.
Guys, I can buy a base-model Chevy Aveo for $9,000 new, or I can buy a Ferrari F458 for $200,000. I don't understand how Ferrari can compete.
Here's my ride. Look for it passing you on the highway.
Most people don't try to go out of their way to show off to the world that they have a tiny penis.
Only the batteries are DC.
Well its been a while since I have seen any AC batteries, so I guess that's why they went with the DC ones.
I am Slashdot. Are you Slashdot as well?
I see what you did, there.
Why would anyone want just another run of the mill "family car".
Obviously, there's a huge government conspiracy to make us think that people want "family cars". Heck, Wikipedia is claiming that a compact family sedan called the "Corolla" is the best selling car of all time.
If it's got > 2 functional seats, I ain't interested.
Sucker - I'm not interested unless it only has one functional seat and zero doors.
If it's got > 2 functional seats, I ain't interested.
Hard to set up a threesome if you only have one extra seat. I see what your priorities are.
Qxe4
I was going to make a brilliant analogy to the car business, but I can't think of one...