Shares of Tesla Motors (TSLA -0.8%) dip after CEO Elon Musk tells Bloomberg TV that a secondary...

Shares of Tesla Motors (TSLA -0.8%) dip after CEO Elon Musk tells Bloomberg TV that a secondary offering is possible. He notes the demand is hot for the Model S, but doesn't confirm details on the crucial question of whether or not production is on target.

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Comments (6)
  • Anton Wahlman
    , contributor
    Comments (4241) | Send Message
    Didn't he say already on the most earnings call, almost 2 or so months ago, that a follow-on offering were a possibility? I seem to recall just that.
    21 Sep 2012, 10:21 AM Reply Like
  • Nicu Mihalache
    , contributor
    Comments (1073) | Send Message
    There are more than 7000 calls with strikes $30 or below expiring today. They represent 700 000 shares and any reason is a godsend to take TSLA just a bit lower.
    21 Sep 2012, 11:05 AM Reply Like
  • julielb
    , contributor
    Comment (1) | Send Message
    seems that F1 is open to a future of elctric cars - tesla should be in that game to show its a cut above them all
    21 Sep 2012, 11:32 AM Reply Like
  • King Edward VIII
    , contributor
    Comments (277) | Send Message
    Tesla has no interest in doing that and has no competence in developing a competition car: with this I mean that a powertrain alone is not enough to make a car and a competition chassis costs a lot of money. Tesla spent lots of money to develop Model S platform, now they have to maximize the uses if that platform (Model S, X, etc.).
    The company who won the tender if the FIA (the international automobile federation which oversees all automotive motorsports) has developed chassis and powertrain for years specifically for this purpose.
    If Elon tomorrow morning will say that he wants to develop a F1-type of car, I would call him asking what was he smoking the night before and I would sell immediately my TSLA shares...
    22 Sep 2012, 12:37 AM Reply Like
  • borisb
    , contributor
    Comments (1084) | Send Message
    tesla management putting backseat to the shareholders.
    21 Sep 2012, 04:05 PM Reply Like
  • King Edward VIII
    , contributor
    Comments (277) | Send Message
    Let me give you a different point of view.


    April 2011: MS issues an upgrade for TSLA with an outrageous target price of 70$ in year 2025, 14 years later. This pumps the stock overnight from around 23$ to around 28-29$ range. Seems nobody read the year 2025 note but stopped at 70$ price forecast...
    May 2011: TSLA makes a secondary offer at a price that was basically 20% higher than it was two months before
    Autumn 2011: MS sets a target price At 44$ and downgrades TSLA even if it trades at 35$ (!!!) saying that they were wrong before...
    September 2012: MS upgrades TSLA saying that everything is well
    September 2012: CEO suggests a secondary offer is down the road...


    Anyone sees a pattern here? Isn't at least a strange coincidence that MS pumps the stock always before secondary offers?
    22 Sep 2012, 12:32 AM Reply Like
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