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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.
Ok so I am a consumer in the market for a new car I can buy a toyota yaris that get 36 mpg for 13k new. Or I can buy a tesla for 50k that does not use gas but I still have to pay for the electricty to charge it. I could put 12,333 gallons of gas in my yaris for the price difference that comes out to a estimated 443988 miles. I did not even count the money spent of electricity to charge the tesla.
I wish them luck but in todays environment I don't think they have a chance in hell.
Got Code?
Why do you assume that people who are buying these cars are ones that can't afford gas?
Which part of "the target market appears to be people with more money than sense" is hard to understand?
Has anyone seen the episode of Top Gear in which they test drive this car? Basically all the claims by the company are BS. The charge lasted a fraction of the time claimed, the time it took to charge up the car was far longer than was claimed, and they ended up blowing the motor on it at some point. It was failure after failure and this was on a car that costs more than some Ferraris. Good luck Tesla investors.