It doesn't make a lot of sense, but very little does about Tesla Motors so why should the companies Initial Public Offering be any different.
Tesla motors has sold only about 1000 very expensive two-seater all electric Roadsters.
The company has yest to make a penny of profit after years of developing and selling cars.
Click HERE as we take the 2010 Tesla Roadster for a road
trip.
Perhaps most interesting of all, Tesla will soon have no car to sell, as the Roadster, built in part by Lotus, will no longer be jointly built by the British company. Which means that until the all new Model S is in production in California, Tesla will be a car company without a car in the showrooms.
So it might strike some as surprising that given all of these serious hurdles, Tesla Motors sold 13.3 million shares of stock in the IPO and raised $226 million in a recent IPO.
The stock quickly shot to about $19 a share on the NASDAQ as investors sent it beyond its $17 initial pricing today with the stock now hovering at around $18 a share.
So why did the IPO make so much money?
In part investors might be looking at THIS
recent partnership that Tesla forged with Toyota to share electric car technology, or perhaps the company still remains the darling of the Venture capitalist, and of course movie stars, that love the cars, and the new Silicon Valley start-up culture of Tesla Motors.
BTW: Click HERE to check out an up close and person video of
the upcoming Model S.
Follow on twitter @TFLcar or watch latest car
review videos on YouTube.
