Did anyone buy any stock in Tesla?
06-30-2010, 07:27 AM
#1
Administrator
Thread Starter
Did anyone buy any stock in Tesla?
I bought about $250 worth. Not alot, considering I didnt think it was going to do so well in the first day. Definitely keeping more of an eye on it going forward. smile.gif Good for them though! I hope this company is successful to shake things up in the car world a bit. I'm wondering how far they can get on $2 billion however. dunno.gif
http://green.venturebeat.com/2010/06/29/la...uation-to-2-2b/
QUOTE
Tesla IPO Goes Up 40% in First Day, Valued at $2.2 Billion
The Nasdaq is closed, and Tesla Motors (TSLA) is ending its first day on the market at $23.89 a share, a 40.5 percent increase over the $17 pricing it announced last night. This is a rock star showing for the electric car company, which has exceeded expectations that were already sky high.
As of 20 minutes before 4 p.m. EST, the stock price was hovering between $21 and $22. It shot up above $23 in the last few minutes of trading, indicating delayed interest from investors not wanting to miss out on what has become one of the hottest picks on the market.
The closing price point pushes Tesla’s valuation to $2.2 billion, beating the company’s original goal of $1.4 billion by a long long shot.
Stay tuned for an accounting of how much each of Tesla’s private investors got in today’s sale. Big winners include VantagePoint Venture Partners, the company’s very first venture capital backer, Valor Equity Parnters, and of course CEO Elon Musk, who rang the bell opening the Nasdaq this morning.
The Nasdaq is closed, and Tesla Motors (TSLA) is ending its first day on the market at $23.89 a share, a 40.5 percent increase over the $17 pricing it announced last night. This is a rock star showing for the electric car company, which has exceeded expectations that were already sky high.
As of 20 minutes before 4 p.m. EST, the stock price was hovering between $21 and $22. It shot up above $23 in the last few minutes of trading, indicating delayed interest from investors not wanting to miss out on what has become one of the hottest picks on the market.
The closing price point pushes Tesla’s valuation to $2.2 billion, beating the company’s original goal of $1.4 billion by a long long shot.
Stay tuned for an accounting of how much each of Tesla’s private investors got in today’s sale. Big winners include VantagePoint Venture Partners, the company’s very first venture capital backer, Valor Equity Parnters, and of course CEO Elon Musk, who rang the bell opening the Nasdaq this morning.
http://green.venturebeat.com/2010/06/29/la...uation-to-2-2b/
06-30-2010, 09:33 AM
#3
Administrator
Join Date: Oct 2002
Location: ɯooɹpǝq ɹnoʎ
Posts: 13,943
Likes: 0
Received 0 Likes
on
0 Posts
Vehicle: ǝdnoɔ sısǝuǝƃ
What are you using to buy stocks? What would you suggest for someone who doesn't trade, just want to buy every once in a while?
I have a thread on RDT where I was looking for help buying stocks when everything bottomed out. I wanted to buy $1,000 of AMD at $2/share and it recently peaked at $10.24 (ahem, $4,000 profit). I'd appreciate some insight.
I have a thread on RDT where I was looking for help buying stocks when everything bottomed out. I wanted to buy $1,000 of AMD at $2/share and it recently peaked at $10.24 (ahem, $4,000 profit). I'd appreciate some insight.
06-30-2010, 09:37 AM
#4
Administrator
Thread Starter
I have a financial planner that I use to take care of all that. He handles my portfolio, stocks, bonds, and other investments I have my hand in. I just tell him what I want to do, he tells me the risks involves, I give the approval to spend the money on it, and it goes from there. Much easier than using sites like e-Trade and all that.
06-30-2010, 11:19 AM
#5
Super Moderator
I knew about it, but don't have any liquid cash to invest. I wish the real estate market would turn around just a little bit so I could sell some of my land.
06-30-2010, 03:26 PM
#7
Moderator
I dunno about this one... It seems like a great idea. It's the most high tech car there is. I don't think it's a long term investment though. They're not selling anything yet. I havn't heard anything about the company outside of investments.
06-30-2010, 07:34 PM
#8
Super Moderator
QUOTE (DTN @ Jun 30 2010, 02:26 PM)
They're not selling anything yet.
Yes they are. In fact there was a dealer from So. Cal. with 2 brand new ones with window stickers on them at the last Cars & Coffee meet here in Vegas.
Their website:
http://www.teslamotors.com
07-07-2010, 07:58 AM
#10
Administrator
Thread Starter
Glad I ended up selling all my stock off a day after I bought it.
http://www.autoblog.com/2010/07/07/tesla-s...elow-ipo-price/
At least I made some money off of it, before the price fell like crazy. yeah.gif
http://www.autoblog.com/2010/07/07/tesla-s...elow-ipo-price/
QUOTE
Financial expert Michael Holland explains, "They brought this thing into a market that was not rewarding hype... The stock did get its pop, and now it's plagued by the reality of the marketplace. The reality of the marketplace is that people aren't paying for dreams and visions."
At least I made some money off of it, before the price fell like crazy. yeah.gif