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Tesla Motors Plans I.P.O. to Raise $100 Million

10 points by robg 17y ago

jacquesm 17y ago
That's actually one of very few tech IPOs that makes some sense. I wish the Tesla people lots of strength, the car industry is a very bad place to be active in at the moment. They have a unique proposition, they've done some clever marketing. By taking the 'prius' out of the electric car market and showing they can be sexy as well as good performers they've made a lot of people less skeptical about electric propulsion. Let's hope they stick around and will manage to establish themselves as a long term brand, it is probably a requirement for at least one party to fully focus on electric instead of having to offer a whole range of vehicles, like that they can optimize where others will have to compromise. Their model S is still two to three years away, if and when it starts shipping it will be a very interesting development.
steveplace 17y ago
SEC Filing: http://sec.gov/Archives/edgar/data/1318605/000119312510017054/ds1.htm http://sec.gov/Archives/edgar/data/1318605/00011931251001705... This isn't necessarily a good thing for the sector/company. Also: Risks Affecting Us Risk Factors: our limited operating history makes evaluating our business and future prospects difficult, and may increase the risk of your investment; we have a history of losses and we expect significant increases in our costs and expenses to result in continuing losses for at least the foreseeable future; our future growth is dependent upon consumers’ willingness to adopt electric vehicles; we are dependent upon our ability to fully draw down on our loan facility from the United States Department of Energy, which may restrict our ability to conduct our business; our distribution model is different from the predominant current distribution model for automobile manufacturers, which makes evaluating our business, operating results and future prospects difficult; we are almost entirely dependent upon revenue generated from the sale of our electric vehicles, specifically the Tesla Roadster, in the near term, and our future success will be dependent upon our ability to design and achieve market acceptance of new vehicle models, and specifically the Model S; we anticipate that we will experience a decrease in revenues and increase in losses prior to the launch of the Model S; our production model for the non-powertrain portion of the Model S is unproven, still evolving and is very different from the non-powertrain portion of the production model for the Tesla Roadster; and we may experience significant delays in the design, manufacture, launch and financing of the Model S.

10 points by robg 17y ago

That's actually one of very few tech IPOs that makes some sense. I wish the Tesla people lots of strength, the car industry is a very bad place to be active in at the moment. They have a unique proposition, they've done some clever marketing. By taking the 'prius' out of the electric car market and showing they can be sexy as well as good performers they've made a lot of people less skeptical about electric propulsion. Let's hope they stick around and will manage to establish themselves as a long term brand, it is probably a requirement for at least one party to fully focus on electric instead of having to offer a whole range of vehicles, like that they can optimize where others will have to compromise. Their model S is still two to three years away, if and when it starts shipping it will be a very interesting development.

steveplace 17y ago

SEC Filing: http://sec.gov/Archives/edgar/data/1318605/000119312510017054/ds1.htm http://sec.gov/Archives/edgar/data/1318605/00011931251001705... This isn't necessarily a good thing for the sector/company. Also: Risks Affecting Us Risk Factors: our limited operating history makes evaluating our business and future prospects difficult, and may increase the risk of your investment; we have a history of losses and we expect significant increases in our costs and expenses to result in continuing losses for at least the foreseeable future; our future growth is dependent upon consumers’ willingness to adopt electric vehicles; we are dependent upon our ability to fully draw down on our loan facility from the United States Department of Energy, which may restrict our ability to conduct our business; our distribution model is different from the predominant current distribution model for automobile manufacturers, which makes evaluating our business, operating results and future prospects difficult; we are almost entirely dependent upon revenue generated from the sale of our electric vehicles, specifically the Tesla Roadster, in the near term, and our future success will be dependent upon our ability to design and achieve market acceptance of new vehicle models, and specifically the Model S; we anticipate that we will experience a decrease in revenues and increase in losses prior to the launch of the Model S; our production model for the non-powertrain portion of the Model S is unproven, still evolving and is very different from the non-powertrain portion of the production model for the Tesla Roadster; and we may experience significant delays in the design, manufacture, launch and financing of the Model S.