Posted on 31 March 2011
As you may have already heard, Tesla Motors stock prices made a big jump today by 17.5% on news that Morgan Stanley Analyst, Adam Jones, re-evaluated Tesla Motors stock value to “overweight” from “equal weight” and picked a price target of a whopping $70 – a substantial increase from where Tesla opened this morning at under $24.
Jones confidently described Tesla Motors as “America’s Fourth Automaker,” and went on to state that Morgan Stanley expects that “conditions are ripe for a shake-up of a complacent, century-old industry heavily invested in the status quo of internal combustion.”
While we here at Eco Auto Ninja couldn’t agree more, there are a few red flags about this assessment. The first being the massive increase in valuation. The second being that Morgan Stanley is one of the lead underwriters on the Tesla IPO. While we are by no means experts on the matter, we’re pretty sure that this could be construed as a bit of a conflict of interest. What do you think?
Posted on 05 August 2010
Since having just gone public, Tesla has just released its first quarterly report and it’s not exactly a major windfall. While
Tesla Motors did earn $28.4 million it still lost $38.5 million making this the second such income deficit this year.
As most people know, however, this early hit is entirely to be expected and doesn’t really factor into how one might expect Tesla to fair in the future. Any company with such intensive research and development and manufacturing processes is sure to take a while before turning a profit, especially one that just purchased a $42 million factory to produce its upcoming electric car the Model S. It’s likely that we’ll continue to see quarterly reports of loss for the next year or more.
Clearly investors aren’t phased by this report as the Tesla Motors (TSLA) stock prices hadn’t moved with this announcement and remain slightly below the opening price.
Posted on 28 June 2010
It’s looking like investor interest in Tesla Motors might be stronger than originally expected as the number of shares to be made publicly available tomorrow was increased by 20% to 13.3 million.
Tesla maintains that it expects shares to sell for around $14 – $16 which could raise up to $200 million on its IPO. This will go along way to making sure that the Tesla Model S electric car (pictured above) sees the marketplace. The finalized Tesla stock prices should be announced tonight with the IPO hitting the ground Tuesday morning at 9:20AM EST.
The Tesla Motors stock will trade as TSLA on the NASDAQ. Will you be buying Tesla stock? Let us know in the comments section.
