All Revved Up, but So Far to Go

[TEG]

All Revved Up, but So Far to Go

 

[Todd Burch]

While Tesla managed to sell its shares to the public for the first time last month, raising $226.1 million, the shares have dropped to $21.29 from an early high of $30.42.

It's interesting when you know the whole story how many "facts" are reported in a way to give a negative spin. Lots of "selective" fact reporting in this article. For example, no mention of the fact that the IPO started in the $17 range...so it's made positive strides, even after the quick-cash investors pulled out.

What is it with the American media these days? They so strongly worship Capitalism and free enterprise, yet take overwhelming efforts to turn companies that try to push the boundaries of technology and twist them into failures?

 

[KenEE]

Interesting article and I enjoyed reading it, but it's hard to know how much to believe.

I happen to read Jalopnik on a daily basis and can confirm that it is biased against electric cars in general and Tesla specifically. Including views from this site brings the article's objectivity into question.

Ken

 

[tdelta1000]

It's interesting when you know the whole story how many "facts" are reported in a way to give a negative spin. Lots of "selective" fact reporting in this article. For example, no mention of the fact that the IPO started in the $17 range...so it's made positive strides, even after the quick-cash investors pulled out.

What is it with the American media these days? They so strongly worship Capitalism and free enterprise, yet take overwhelming efforts to turn companies that try to push the boundaries of technology and twist them into failures?

Todd,
I agree with you wholeheartedly.

 

[Bud]

http://earth2tech.com/2010/07/25/a-couple-gems-in-the-tesla-nyt-profile/

 

[walk_n_wind]

Sure, Elon has many questionable traits. I can think of crazier people who have put more on the line to accomplish great things. He's willing to apply his fortune, and that's okay with me.

I see my Model S reservation as a risk because of the company's unpredictability, but it's also a vote to promote some auto industry boat-rocking, an alternative technology for vehicle propulsion, the end of the middle man (dealerships). The list goes on...

I'm with Burch on this one - the media should be cheering underdog, in-stride companies like this instead of nay-saying. But they'd rather get their story and trash the leftovers.

 

[vfx]

Any guesses?

 

[vfx]

Musk as saying that while he wants to remain independent, “at some point in the future there may be an acquisition, but it’s not in the near term — I don’t think.”

True. That is a crack-in-the-door statement.

 

[doug]

Any guesses?

Guesses about what? That's Jurvi's car. Probably saving that plate for his Model S.

 

[Iz]

It's also the stock symbol.

 

[TEG]

Yeah, and S1 is the IPO registration statement.
So it could have a double meaning:
Tesla Model S numero uno
&
TSLA IPO
Both would make sense for him.

 

[dpeilow]

I guessed it from the rocket in the background before the plate :wink: