Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:20 AM

GasBuddy News Article

18
votes
Electric Carmaker Tesla preparing IPO: sources

Reuters.com -- By Poornima Gupta

SAN FRANCISCO (Reuters) - U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

An IPO filing from the six-year-old start-up, best known for its $109,000 all-electric Roadster, is expected any day, said one of the sources. The person did not give a specific time frame, although IPOs typically take several months.

Tesla spokesman Ricardo Reyes declined to comment on what he called "rumor or speculation."

Tesla would mark the first public offering from a U.S. automaker since Henry Ford's Ford Motor Co debuted its shares in 1956. The IPO represents a landmark in the resurgence of electric car technology that most carmakers had dismissed as imp


Read the Full Article

Submitted Nov 20, 2009 By: UncleCurt
Category: Daily News Article Discussions > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Electric Carmaker Tesla preparing IPO: sources Post a Reply Back to Topics
REPLIES (newest first)
Profile Pic
pigmanTX Car icon
Champion Author Houston

Posts:1,281
Points:369,735
Joined:Nov 2008
Message Posted: Nov 21, 2009 10:26:20 PM

I will buy shares in this company when they are available.
Profile Pic
remay Car icon
Champion Author Houston

Posts:1,345
Points:980,550
Joined:May 2006
Message Posted: Nov 21, 2009 9:24:42 AM

I can't support a company that is out of touch with the masses.
Profile Pic
captngasTN Car icon
Champion Author Tennessee

Posts:1,299
Points:260,870
Joined:Jun 2009
Message Posted: Nov 21, 2009 6:02:34 AM

Seems the equities market is the place to be.
Profile Pic
Don1222 Car icon
Champion Author Michigan

Posts:5,248
Points:587,305
Joined:Jul 2008
Message Posted: Nov 21, 2009 6:01:37 AM

Support alternative energy and The USA. Buy American made in The United States.
Profile Pic
calypso93 Car icon
Champion Author Scranton

Posts:7,998
Points:1,000,000
Joined:Mar 2004
Message Posted: Nov 21, 2009 5:57:21 AM

Comparing them to the perfromance of A123 battery company may not be good. A123 ran strong from the IPO and a week or two. Look up the symbol A123 and see how it's doing.
Profile Pic
katmandue Car icon
Champion Author Detroit

Posts:2,257
Points:995,605
Joined:Jul 2006
Message Posted: Nov 21, 2009 5:55:44 AM

Unless the cars can be recharged using solar energy they are no better than gas powered cars.
Profile Pic
nstrdnvstr Car icon
Champion Author Twin Cities

Posts:28,219
Points:2,841,835
Joined:May 2001
Message Posted: Nov 21, 2009 5:52:38 AM

I think the economy has to improve quite a bit before sales will be good.
Profile Pic
colt453162 Car icon
All-Star Author Houston

Posts:577
Points:242,935
Joined:Mar 2008
Message Posted: Nov 21, 2009 5:50:55 AM

With the amount of money they were given by the government from the people, they should be able to just give the first shippment away for free because the American public has already paid for them.
Profile Pic
paoli8 Car icon
Champion Author Philadelphia

Posts:2,129
Points:757,275
Joined:Jul 2007
Message Posted: Nov 21, 2009 5:48:42 AM

Risky investment!
Profile Pic
101Speedster Car icon
Champion Author Ventura

Posts:19,758
Points:1,666,545
Joined:May 2005
Message Posted: Nov 21, 2009 5:40:06 AM

Tesla, the leader in electric cars, will be a great stock to own.
Profile Pic
Dkrdj5 Car icon
Champion Author Jacksonville

Posts:1,478
Points:204,675
Joined:May 2009
Message Posted: Nov 21, 2009 5:37:36 AM

Let them offer their IPO, I've no money to buy stock.
Profile Pic
P H Car icon
Champion Author Albany

Posts:38,507
Points:1,266,305
Joined:Jan 2004
Message Posted: Nov 21, 2009 5:35:50 AM

Initial Public Offering (Going Public with common stock offering)
Profile Pic
fordfan1 Car icon
Champion Author Indiana

Posts:3,293
Points:738,835
Joined:Jul 2007
Message Posted: Nov 21, 2009 5:34:48 AM

To expensive for everyday people to drive and own!
Profile Pic
fitwit Car icon
Champion Author Stockton

Posts:1,363
Points:285,055
Joined:May 2009
Message Posted: Nov 21, 2009 5:33:28 AM

IPO?
Profile Pic
TommyTraveler Car icon
Champion Author Cincinnati

Posts:2,790
Points:544,905
Joined:Nov 2007
Message Posted: Nov 21, 2009 5:29:30 AM

Too expensive for the Joe Sixpack. Need more developement to bring down price and increase performance qualities.
Profile Pic
naw62 Car icon
Champion Author Maine

Posts:3,666
Points:1,071,020
Joined:Sep 2006
Message Posted: Nov 21, 2009 5:28:12 AM

The electric cars on"t ork
Profile Pic
BigDogOH Car icon
Champion Author Cincinnati

Posts:2,735
Points:670,945
Joined:Mar 2008
Message Posted: Nov 21, 2009 5:19:29 AM

Too expencive / takes too long for reccarge,take a week to drive to Florida
Profile Pic
mecforyou Car icon
All-Star Author Iowa

Posts:587
Points:320,500
Joined:Jul 2007
Message Posted: Nov 21, 2009 5:12:21 AM

A hot rod that doesn't roar
Profile Pic
Paw5X Car icon
Champion Author Gary

Posts:4,934
Points:1,412,835
Joined:May 2005
Message Posted: Nov 21, 2009 5:10:35 AM

Still not sold on electric vehicles, to many questions unanswered and not cost effective as of yet!
Profile Pic
Petrock Car icon
Champion Author Lexington

Posts:3,606
Points:1,440,310
Joined:Apr 2005
Message Posted: Nov 21, 2009 5:09:16 AM

I could interpret this to mean that the owners of Tesla see a downturn in the electric car market and want to take their profit while they can. If they expected the electric car market to explode would they be selling out now? I doubt it. If they need working capital Obama would give it to them.
Profile Pic
dhawk24 Car icon
Champion Author Maine

Posts:2,197
Points:503,985
Joined:Jul 2008
Message Posted: Nov 21, 2009 5:04:51 AM

I will stick with gas, even if it is 10% ethanol...
Profile Pic
Mr.Chips Car icon
Champion Author Michigan

Posts:4,325
Points:1,132,365
Joined:Mar 2004
Message Posted: Nov 21, 2009 4:59:58 AM

$109K, NOT!
Profile Pic
ifallsguy Car icon
Champion Author Minnesota

Posts:1,873
Points:584,580
Joined:Apr 2007
Message Posted: Nov 21, 2009 4:58:31 AM

Anyone here really serious about electric cars? Now is the time to put your money where your mouth is and buy this stock when it opens up.
Profile Pic
Hunter724 Car icon
Champion Author New Hampshire

Posts:2,344
Points:493,800
Joined:Sep 2008
Message Posted: Nov 21, 2009 4:56:51 AM

Would be willing to evaluate a Roadster for the company..
Profile Pic
BM4225 Car icon
Champion Author Atlanta

Posts:4,571
Points:1,001,545
Joined:Aug 2006
Message Posted: Nov 21, 2009 4:55:54 AM

At $100K a car, this company doesn't have to sell a million cars to make a profit, and stay in business. Just look at some of the Italian cars, Ferrari, and Maserati. Not saying this car is in their class, but at that price, there are enough of those who want, and willing to purchase one. As for the masses like me, I will wait for the to get to the used car market, and go to Carmax.
Profile Pic
INDY51 Car icon
All-Star Author North Carolina

Posts:736
Points:186,345
Joined:Jun 2009
Message Posted: Nov 21, 2009 4:43:21 AM

WHILE ELECTRIC CARS ARE SEEMINGLY PART OF OUR FUTURE,I FEEL MUCH MORE ALL INCOMPASING RESEARCH IS NEEDED.BEING THE FIRST DOESN'T MEAN BEING THE BEST.
Profile Pic
LCSTEELERBOB Car icon
Champion Author Gary

Posts:1,385
Points:312,735
Joined:Oct 2008
Message Posted: Nov 21, 2009 4:43:08 AM

if it works and they can find a market that works great
Profile Pic
findcheap Car icon
Champion Author Los Angeles

Posts:3,785
Points:859,550
Joined:Apr 2007
Message Posted: Nov 21, 2009 4:42:15 AM

Just something for the people from prestige
Profile Pic
fratt Car icon
Champion Author Grand Rapids

Posts:4,051
Points:1,494,830
Joined:Jul 2005
Message Posted: Nov 21, 2009 4:39:17 AM

To rich for my blood.
Profile Pic
jimraehl Car icon
Champion Author Utah

Posts:1,292
Points:492,735
Joined:Sep 2008
Message Posted: Nov 21, 2009 4:31:56 AM

I'm not buying into this IPO. Too risky.
Profile Pic
Kamakani Car icon
Champion Author Hawaii

Posts:1,402
Points:417,225
Joined:Oct 2008
Message Posted: Nov 21, 2009 4:19:18 AM

I wish I could afford one.
Profile Pic
Doubleeez Car icon
Champion Author Connecticut

Posts:1,844
Points:388,110
Joined:Sep 2005
Message Posted: Nov 21, 2009 4:17:36 AM

Will only appeal to a selective market because of price of car which is NOT for the general public.
Profile Pic
jes Car icon
Champion Author Pennsylvania

Posts:10,590
Points:2,224,035
Joined:Jun 2003
Message Posted: Nov 21, 2009 4:10:10 AM

I wish them well, but that isn't a car priced for the general public.
Profile Pic
CPR54 Car icon
Champion Author Austin

Posts:4,846
Points:1,170,385
Joined:Jul 2006
Message Posted: Nov 21, 2009 4:07:22 AM

make it affordable
Profile Pic
la90042 Car icon
Champion Author Los Angeles

Posts:2,056
Points:423,230
Joined:Nov 2008
Message Posted: Nov 21, 2009 4:05:39 AM

need to bring prices down and make the cars more affordable to more folks.
Profile Pic
ED6 Car icon
Champion Author Riverside

Posts:4,270
Points:832,090
Joined:Jul 2007
Message Posted: Nov 21, 2009 4:02:49 AM

I hope it's not price like Google.
Profile Pic
lisamls Car icon
Sophomore Author Sacramento

Posts:115
Points:27,100
Joined:Jul 2008
Message Posted: Nov 21, 2009 4:01:18 AM

shocking
Profile Pic
jeepman64 Car icon
All-Star Author Indiana

Posts:735
Points:812,755
Joined:Aug 2004
Message Posted: Nov 21, 2009 3:59:58 AM

Wonder what the IPO price will be. Hopefully not as much as the car.
Profile Pic
sssowinski Car icon
Sophomore Author Sacramento

Posts:155
Points:34,115
Joined:Jul 2008
Message Posted: Nov 21, 2009 3:44:13 AM

good/bad
Profile Pic
saveongasNC Car icon
Champion Author North Carolina

Posts:2,575
Points:556,705
Joined:Aug 2008
Message Posted: Nov 21, 2009 3:36:57 AM

I was told that was one ugly car!!!
Profile Pic
TIGERPAW46 Car icon
Champion Author Florida

Posts:2,019
Points:379,200
Joined:Mar 2004
Message Posted: Nov 21, 2009 3:33:06 AM

Of course everyone knows exactly what IPO stands for. I love the way they like to throw around abbreviations without first listing them properly. Although you can somewhat infer it from the story. Like maybe I. Public Offering (Stock options). I thought proper method was to list names with abbreviations first or footnotes. Great journalism.

I guess I'll just SOFN because TGIF & we're all SOL anyway with SLT.
Profile Pic
jackson661 Car icon
Champion Author Columbus

Posts:1,384
Points:410,535
Joined:May 2006
Message Posted: Nov 21, 2009 3:32:32 AM

Good luck Tesla Motors.
Profile Pic
CruisinLinda Car icon
Champion Author Tallahassee

Posts:5,569
Points:1,121,370
Joined:Sep 2005
Message Posted: Nov 21, 2009 3:31:57 AM

If Tesla goes public and raises a lot of money selling stock, maybe it will start mass producing its vehicle, which could cut the cost in half.

[Edited by: CruisinLinda at 11/21/2009 4:32:55 AM EST]
Profile Pic
CokerNut Car icon
Champion Author Alabama

Posts:1,105
Points:398,800
Joined:Oct 2008
Message Posted: Nov 21, 2009 3:28:52 AM

109K for a car, they must be out of there minds!
Profile Pic
1RedJellyBean Car icon
Veteran Author Greensboro

Posts:452
Points:208,925
Joined:Jan 2009
Message Posted: Nov 21, 2009 3:26:47 AM

Meanwhile, gas prices here have been holding about the same for over 2 weeks now. Have a BLESSED weekend! Psalm 121
Profile Pic
twobroke61 Car icon
Champion Author Michigan

Posts:2,549
Points:446,760
Joined:Sep 2008
Message Posted: Nov 21, 2009 3:20:34 AM

way out of my price range
Profile Pic
gordonfan05 Car icon
Champion Author Georgia

Posts:1,868
Points:573,085
Joined:Apr 2005
Message Posted: Nov 21, 2009 3:10:18 AM

I am sure they will find some investors for their ipo but not as many as they would had their car been more affordable to a wider range of consumers.
Profile Pic
ILVET Car icon
Champion Author Illinois

Posts:9,006
Points:1,787,720
Joined:Jan 2005
Message Posted: Nov 21, 2009 3:08:17 AM

Its just priced too high for me
Profile Pic
rjn5851 Car icon
Champion Author Florida

Posts:8,834
Points:1,847,330
Joined:Jun 2004
Message Posted: Nov 21, 2009 3:03:59 AM

good for them...........
Profile Pic
HawaiianGuy Car icon
Champion Author Idaho

Posts:3,718
Points:1,939,075
Joined:May 2003
Message Posted: Nov 21, 2009 2:48:02 AM

Time will tell. For the record, I couldn't afford a vehicle that's even half of what they're asking for that car.
Post a reply Back to Topics