IPO Tesla Motors - subtotals

Most recently, I mentioned Tesla Motors ' grandiose plans for the first public offering of shares on the NASDAQ "technology" exchange. It happened - on June 29, the company, which began the world's first mass production of all-electric cars, successfully began to be listed on the stock exchange with the ticker TSLA . Of course, such emissions cannot be compared with emissions of technological companies, since the automotive industry is a more conservative sector of the economy, however, the results achieved in the first days of trading clearly cannot but please the owners of large blocks of shares represented by Toyota Corp. and other large, institutional, investors.

Let's try to ignore a little the fact that today on NASDAQ one share of Tesla Motors is selling for 19.20 due to disappointing data on the American economy in general and employment in particular - everyone who wanted a profit has already managed to take it off in the first days. Serious investors are not interested in quick profits, they are shaking much more for the market value of the company. Us, however, this is not particularly relevant.

Two interesting facts: the stock quote started at a price of $ 17 dollars, the closing price of trading on the first day was already $ 23.89 with a volume of 1.5 million shares. A good result for the first day, during which the price of one paper rose by more than 40%, despite the general decline in the stock market. NASDAQ lost 3.85% that day and Dow Jones 2.65%

Tesla Motors, which actually became the first American automaker to enter the secondary securities market since the time of Ford (quotation in 1956), calculated the average price to start selling in the range of $ 14-16. As I already mentioned, trading began at an even higher price - $ 17, in addition to this Elon Musk, CEO of the now public company, had to additionally send 2.2 million of its own shares to the market due to the huge demand that arose in the first days of trading .


However, not everything is as rosy in the electric kingdom as we would like. But it seems that investors are not at all embarrassed by the fact that Tesla Motors has yet to work out its money. To date, only one month in the entire life of the company has been profitable - July 2009, the rest of the time Tesla only spends money, burrowing deeper into the debt hole. $ 55.7 million spent last year, $ 82.8 million a year earlier. Since the founding of the company in 2003, it has spent a total of ... more than $ 300 million.

“Many people wonder about the feasibility of an IPO for a company that is not profitable,” Max told reporters at Times Square, near the exit from the NASDAQ building. “The reason we have no profit today is because we are now in the middle of the path to expanding the production of the Model S sedan.”

One and a half years remain before the official announcement and the start of production of a promising sedan, and the US Department of Energy yesterday gave the company a loan of $ 465 million. Not to mention the serious shares of Dailmler and Toyota in the company itself.

However, despite all the financial injections, the managers of Tesla itself and the auditors working with them talk about the course of the "independent corporation", which will finance itself. It sounds beautiful, but it is hardly realistic in the conditions of an innovative workflow into which Tesla Motors has driven itself.

However, time will tell. It will show whether Tesla Motors can profit in the next two to three years, produce and sell 20,000 Model S each and delight the audience with new four-wheel speed eaters without sound.

source: Wired