by Josie Garthwaite on June 29, 2010
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Tesla Motors delivered a solid Nasdaq debut on Tuesday amid a tumbling global market, with the electric car maker’s stock opening at $19 a share, or 12 percent above the $17 per share offer price. That price represented a jump from the previously estimated range of $14-$16 per share. Tesla’s stock pulled back to $17.62 per share by late morning, but had zoomed upwards of $20 per share by around 2:30 pm EST.
The Dow Jones Industrial Average had shed more than 263 points or 2.6 percent this afternoon, dropping below 10,000 points for the first time in more than two weeks MarketWatch reports, while the Nasdaq Composite Index fell about 72 points or 3.25 percent. The S&P 500 lost more than 32 points or Continue reading
by Josie Garthwaite on June 22, 2010
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Tesla Motors, the Silicon Valley electric car startup gunning to raise $185 million next week through an IPO and sales of shares to Toyota, has won over members of the Silicon Valley, Capitol Hill and Hollywood elite. But will the company, which has ne… Continue reading
by Katie Fehrenbacher on March 15, 2010
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Here’s the latest sign that the next-generation battery business is just really tough for startups: On Friday and over the weekend local Illinois media reported that Peoria, Illinois-based battery startup Firefly Energy has stopped operating. Specifi… Continue reading
by Josie Garthwaite on March 10, 2010
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For A123Systems, the Massachusetts-based lithium-ion battery maker, 2009 marked the best year yet in its 8-year history in terms of revenue, an IPO and government funding: The company scored a coveted $249 million government grant and its $371 million … Continue reading
by Justin Moresco on February 15, 2010
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As the automotive industry transitions to electric vehicles, companies developing lithium-ion battery technology will be in the driver’s seat – and they’ll be carrying Chinese driver’s licenses. Li-ion technology is quickly replacing nickel-met… Continue reading
by Katie Fehrenbacher on February 1, 2010
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Electric vehicle startup Tesla’s IPO-filing last Friday provided industry-watchers with the first real glimpse behind the company’s hip brand and high-profile PR. What they saw wasn’t as pretty as the image: a company that’s lost $236.4 million… Continue reading
by Josie Garthwaite on January 31, 2010
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Tesla Motors, by filing on Friday for a long-awaited initial public offering, has unleashed a flood of facts and figures about its business, strategy, future plans and more than a few challenges.
In the hours after the 7-year-old startup first filed i… Continue reading
by Josie Garthwaite on January 28, 2010
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Think, the Norwegian electric car maker that aims to start selling its Think City model in the U.S. next year, has been doing its homework: slicing and dicing the massive U.S. auto market into an index of cities where its mid-range two-seater is most l… Continue reading
by Josie Garthwaite on January 25, 2010
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On the cusp of a new generation of electric vehicles and the buildout of a smart grid, connected cars — vehicles linked to the power grid as well as communication networks — have the potential to give us a transportation system for the digital age…. Continue reading
by Josie Garthwaite on January 15, 2010
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Battery maker A123Systems and plug-in car startup Fisker Automotive, which announced a new partnership on Thursday, seem like natural dance partners. Each exists as an outsider in an entrenched industry, they’re both gearing up for a ramp up in 2011… Continue reading
Tesla Motors delivered a solid Nasdaq debut on Tuesday amid a tumbling global market, with the electric car maker’s stock opening at $19 a share, or 12 percent above the $17 per share offer price. That price represented a jump from the previously estimated range of $14-$16 per share. Tesla’s stock pulled back to $17.62 per share by late morning, but had zoomed upwards of $20 per share by around 2:30 pm EST.
