Word on the street -- and by that we mean Reuters -- is that Tesla's looking to go public with the company "any day." The luxury electric car make, whose Roadster still goes for a cool $109,000, would be the first US auto company to offer an IPO since Ford way back in 1956, says MSNBC. Quite a notable event, indeed, but earlier comments by Tesla investors (via Autoblog Green) suggest "any day now" might be any time between now and September 2010.
It took you between 7:59 and 8:02 to write those awesome comments. So it took you three minutes to do something a 5yr old could have done in 10s. Form fits functional level.
Dude, what the hell? Anyway, I think it's kinda interesting Tesla's doing this. Their market is so small... No one I know could afford one of their cars. Just sayin.
Oh for fuck sake - I guess thats what happens when I leave my iMac unlocked at work and leave my desk. Please delete those comments and the account they where made with.
That's exactly what I thought, but there's a website called wikipedia.org:
"An initial public stock offering (IPO) referred to simply as an "offering" or "flotation," is when a company issues common stock or shares to the public for the first time. They are often issued by smaller, younger companies seeking capital to expand, but can also be done by large privately-owned companies looking to become publicly traded."
Right now they make toys, but if they can get their Model S rolling we might start seeing more of these things. At least around the cities, not so much out in the country.
So this is how the gasoline engine ends, not with a bang, but with a whisper...
I have high hopes that Tesla can prove the business model works, and then we might see some more diversification in the industry with more smaller manufacturers. I hear there are a lot of manufacturing plants lying idle these days...
I wouldn't bet the farm on Tesla. I love the idea of electric sports car and luxury car that can go from zero to 60 as fast as a Corvette. But beyond the dream is the reality that electric cars are still a niche item, and will be for some time to come. I mean, it's just not a Model T or Yahoo sort of thing yet.
so what does this shitty car company have anything to do with gadgets and consumer electronics? a $100,000 rebadged lotus elise with shitty powerpacks and shitty range isnt something revolutionary. Ever been inside a tesla roadster? the interior plastics resemble a fisher-price toy in quality. No i dont care how fast you think it is, that is just a scapegoat from its horrid range.
Tesla is a horrible company. They have no existing infrastructure to manufacture cars let alone sell them. they have ONE store in one city. Their ceo is an incompetent douche and uses profanity when speaking to the press. this is all just a huge scam.
So, they hold the record for the furthest traveled on a single charge by a production EV - what precisely do you want from them?
As for what they have to do with gadgets... really? Did you really ask that? A Tesla is, at least for me, the ultimate gadget. Nothing on Engadget says that their posts can't include aspirational devices.
Yes, because, that one company started by the same guy (Elon Musk), wait, what was that company? Oh, yeah...PAYPAL. I guess your analysis must be right. Paypal sure is a failure...
So... this "word on the street" stuff is meaningless bullshit.
When a company is preparing to go public the sr. executives go on a "road show" to meet with potential investors. These meetings are not secret. And they file an S-1 document with the SEC, which is freely available to the world.
In other words, if/when they go public there will be lots of obvious signs. the Reuters reports just says that Telsa will soon be filing their S-1. Big fucking deal. My dog is "very close" to filing his S-1.
And something companies file their S-1, but delay their IPO because of lack of investor interest, poor market conditions, etc.
So the Telsa report from Reuters isn't news. It's speculation about something that might eventual turn into news.
I wanna invest in this so when they finally start producing their cars I'll make tons of money... and then I'll do what I do every night... TRY TO TAKE OVER THE WORLD.
DO NOT WANT Elon Musk is heavily opposed to going public, I don't see him allowing this. Once you go public you get a good amount of capital but then you are forced to satisfy greedy investors quarter after quarter, with the partnership with Daimler, and the government loan, I'm sure they can last without an IPO
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Seventh.
Aw screw this.
engadget, please delete all comment above :(
It took you between 7:59 and 8:02 to write those awesome comments. So it took you three minutes to do something a 5yr old could have done in 10s. Form fits functional level.
whats wrong with you ?
Dude, what the hell? Anyway, I think it's kinda interesting Tesla's doing this. Their market is so small... No one I know could afford one of their cars. Just sayin.
Battery powered cars are part of the future. That doesn't mean the future is here today.
Someone's just dying for attention.
Oh for fuck sake - I guess thats what happens when I leave my iMac unlocked at work and leave my desk. Please delete those comments and the account they where made with.
Electric car are going to be the future and a life saving one. I will embrace any technology that helps to protect our kids future
By John Jones
An IPO... cool! I think. So where's that affordable electric car already?
Wal Mart....in the toy department.
I wonder how much it will be per share.
what's an IPO
That's exactly what I thought, but there's a website called wikipedia.org:
"An initial public stock offering (IPO) referred to simply as an "offering" or "flotation," is when a company issues common stock or shares to the public for the first time. They are often issued by smaller, younger companies seeking capital to expand, but can also be done by large privately-owned companies looking to become publicly traded."
Yeah I wonder how much each share would be....I'm interested.
Maybe I'm biased because I like their Model S.
Tesla doesn't make autos, they make toys. Their business isn't going anywhere.
Right now they make toys, but if they can get their Model S rolling we might start seeing more of these things. At least around the cities, not so much out in the country.
http://www.teslamotors.com/models/index.php
So this is how the gasoline engine ends, not with a bang, but with a whisper...
I have high hopes that Tesla can prove the business model works, and then we might see some more diversification in the industry with more smaller manufacturers. I hear there are a lot of manufacturing plants lying idle these days...
Tesla is a good bet for IPO. Their not a bad company to invest in.
I wouldn't bet the farm on Tesla. I love the idea of electric sports car and luxury car that can go from zero to 60 as fast as a Corvette. But beyond the dream is the reality that electric cars are still a niche item, and will be for some time to come. I mean, it's just not a Model T or Yahoo sort of thing yet.
so what does this shitty car company have anything to do with gadgets and consumer electronics? a $100,000 rebadged lotus elise with shitty powerpacks and shitty range isnt something revolutionary. Ever been inside a tesla roadster? the interior plastics resemble a fisher-price toy in quality. No i dont care how fast you think it is, that is just a scapegoat from its horrid range.
Tesla is a horrible company. They have no existing infrastructure to manufacture cars let alone sell them. they have ONE store in one city. Their ceo is an incompetent douche and uses profanity when speaking to the press. this is all just a huge scam.
I'd take your comment more seriously, if this wasn't the first 'related post' link on the page...
http://www.engadget.com/2009/10/31/tesla-roadster-keeps-on-rollin-goes-313-miles-on-single-charge/
So, they hold the record for the furthest traveled on a single charge by a production EV - what precisely do you want from them?
As for what they have to do with gadgets... really? Did you really ask that? A Tesla is, at least for me, the ultimate gadget. Nothing on Engadget says that their posts can't include aspirational devices.
Yes, because, that one company started by the same guy (Elon Musk), wait, what was that company? Oh, yeah...PAYPAL. I guess your analysis must be right. Paypal sure is a failure...
this car's front sure reminds me of the pontiac fiero for some reason but that lotus backend doesn't really mesh well
So... this "word on the street" stuff is meaningless bullshit.
When a company is preparing to go public the sr. executives go on a "road show" to meet with potential investors. These meetings are not secret. And they file an S-1 document with the SEC, which is freely available to the world.
In other words, if/when they go public there will be lots of obvious signs. the Reuters reports just says that Telsa will soon be filing their S-1. Big fucking deal. My dog is "very close" to filing his S-1.
And something companies file their S-1, but delay their IPO because of lack of investor interest, poor market conditions, etc.
So the Telsa report from Reuters isn't news. It's speculation about something that might eventual turn into news.
I wanna invest in this so when they finally start producing their cars I'll make tons of money... and then I'll do what I do every night... TRY TO TAKE OVER THE WORLD.
DO NOT WANT
Elon Musk is heavily opposed to going public, I don't see him allowing this. Once you go public you get a good amount of capital but then you are forced to satisfy greedy investors quarter after quarter, with the partnership with Daimler, and the government loan, I'm sure they can last without an IPO
1)Overinflate the value of the company.
2)IPO
3)????
4)Profit!.
Elon Musk is quite the fellow. He has Paypal, SpaceX, and Tesla Motors to his name. If I had the capital to invest I'd keep an eye on this guy.