Published: 2010-06-30

This note was written on June 30, 2010, but the scraped content was originally published on June 30, 2010.

Electric Car Tesla's First Day of Listing

Since its founding in 2003, Tesla has recorded losses of $260.7 million over the past seven years, and is expected to continue its deficit streak until the Model S is released in 2012. There is no guarantee that it will be a huge success afterward.

Nevertheless, the enthusiasm for Tesla appears to reflect both the illusion of the old IT bubble and Americans' desire to rebuild a fallen automotive empire with electric vehicles.

Scott Sweet of IPO Boutique noted that Tesla's stock price faces an uphill battle. He recalled that the stock of A123 Systems, a lithium-ion battery maker for hybrid vehicles that went public last September, soared on its first day of trading but has now fallen 27% below its IPO price of $13.50.

Scott Sweet pointed out that Tesla "has a lot of financial problems" and that "the euphoria will soon fade. It is a recession, and Tesla's vehicles have a very limited market."

Topics: Tesla
Category: Scrap/Saved
Publish: 2010-06-30
Source: Original

Published: 2010-06-30

This note was written on June 30, 2010, but the scraped content was originally published on June 30, 2010.

Electric Car Tesla's First Day of Listing

Nevertheless, the enthusiasm for Tesla appears to reflect both the illusion of the old IT bubble and Americans' desire to rebuild a fallen automotive empire with electric vehicles.

Scott Sweet pointed out that Tesla "has a lot of financial problems" and that "the euphoria will soon fade. It is a recession, and Tesla's vehicles have a very limited market."

Topics: Tesla
Category: Scrap/Saved
Publish: 2010-06-30
Source: Original