Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Tesla Motors Sets IPO For Week Of June 28

online.wsj.com

Post reply on HN
Print view View original

1–10 of 32 posts

Re: Tesla Motors Sets IPO For Week Of June 28

#4

Post by mrshoe »

csmeder wrote: post #3

I really hope these guys succeed, I know the founder has been having money troubles and it has made me worry about Tesla's future. This is an industry that can use a jolt of innovation.

According to the article, Musk owns at least 28.8% of Tesla, which is about to go public. He's not having money troubles; he's having divorce troubles. Surely his claims of the former are to help him with the latter.

Re: Tesla Motors Sets IPO For Week Of June 28

#6

Post by Aaronontheweb »

This seems insane - these guys have sold, what, 2000 models at the most? And they would be even worse off the instant all of their government subsidies dry up.

Their innovation may be remarkable, but the fact is that they make a product which isn't economically feasible without a lot of help from taxpayers doesn't bode well for the long-term health of the company.

Re: Tesla Motors Sets IPO For Week Of June 28

#7

Post by mkramlich »

interesting that Tesla suddenly announces IPO a few days after the big news splash about the big lithium deposit find in Afghanistan. I'd expect a big lithium find to push down battery prices in the future and a Tesla car is battery intensive. Even if Tesla ends up not using lithium not every investor will know that.

Re: Tesla Motors Sets IPO For Week Of June 28

#8

Post by mkramlich »

Aaronontheweb wrote: post #6

This seems insane - these guys have sold, what, 2000 models at the most? And they would be even worse off the instant all of their government subsidies dry up. Their innovation may be remarkable, but the fact is that they make a product which isn't economically feasible without a lot of help from taxpayers doesn't bode well for the long-term health of the company.

maybe oil companies should invest in Tesla. they have billions to spare, it would give them green cred, and act as a hedge for the case where demand shifts from gas to electric powered vehicles.

Re: Tesla Motors Sets IPO For Week Of June 28

#9

Post by kirpekar »

mkramlich wrote: post #7

interesting that Tesla suddenly announces IPO a few days after the big news splash about the big lithium deposit find in Afghanistan. I'd expect a big lithium find to push down battery prices in the future and a Tesla car is battery intensive. Even if Tesla ends up not using lithium not every investor will know that.

The announcement was not "sudden", but the date has been in discussion publicly for over 6 months. In fact Toyota agreed to invest 50M in Tesla only if it IPOed before the end of the year.

Re: Tesla Motors Sets IPO For Week Of June 28

#10

Post by kirpekar »

Aaronontheweb wrote: post #6

This seems insane - these guys have sold, what, 2000 models at the most? And they would be even worse off the instant all of their government subsidies dry up. Their innovation may be remarkable, but the fact is that they make a product which isn't economically feasible without a lot of help from taxpayers doesn't bode well for the long-term health of the company.

I don't see the insane part. Making cars is very capital intensive and it's virtually impossible to ship a high-volume car without large amounts of capital. I think that Tesla's demo of a small volume roadster with private money sets the stage for a larger future offering.
Post reply on HN