Tesla's rollercoaster ride on the stock market since it's 2010 IPO
Created by GoneFromTexas on May 7, 2013
Last updated: 05/11/13 at 11:51 AM
Tags: Elon Musk Tesla Stock Prices
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OPEN MAY 8: $57.50; CLOSE MAY 9: $69.40
Tesla Motors Inc. shares surged Thursday after the company posted its first quarterly profit in its 10-year history -- driven by sales of the battery-powered Model S sedan. First-quarter net income totaled $11.2 million from a loss of $89.9 million a year earlier, Tesla said Wednesday.
OPEN: $56.47; CLOSE: $54.55
Tesla Motors Inc. increased the guaranteed residual value of its electric Model S sedan to 50 percent after its lease-to-own period of three years. The car's guaranteed residual value had been tied to that of the Mercedes-Benz S class, which, at 43 percent after 36 months, is relatively low compared with the overall luxury segment.
OPEN: $51; CLOSE: $51.01
The Virginia Department of Motor Vehicles has rejected Tesla Motors Inc.'s bid for a dealership license. In a ruling issued Monday, Virginia DMV Commissioner Richard Holcomb turned down Tesla's request, which dates back to March 16, 2012. A spokeswoman for Tesla, which wants to open a company-owned dealership in Tysons Corner, Va., said in a Tuesday e-mail that the company is "still figuring out next steps."
OPEN: $42.06; CLOSE: $43.59
Tesla Motors has won a round in its legal fight against franchised dealership laws in New York over direct sales to consumers while it continues to lobby Texas legislators on the issue. In ruling for Tesla on Thursday, New York Supreme Court Justice Raymond J. Elliott III wrote "dealers cannot utilize the Franchised Dealer Act as a means to sue their competitors."
OPEN: $43.10; CLOSE: $41.10
Tesla Motors CEO Elon Musk is firing all barrels against dealers in Texas in a franchise-law battle over whether the electric-car maker can sell its cars directly to the public. Labeling many dealers as "extremely heinous" in an internal company e-mail, Musk is trying to rally support for Tesla's bid to carve out an exemption to a Texas law that prohibits manufacturer-owned dealerships.
OPEN: $43.60; CLOSE: $44.34
Tesla Motors Inc. on Tuesday announced a guaranteed-residual-value financing plan starting at $1,051 a month for the base 60 kWh Model S electric sedan. While paying off the 63-month loan, consumers can trade in the car after 36 months for a guaranteed price.
OPEN: $34.46; CLOSE: $34.43
So was Tesla wronged by that New York Times review of the Model S that detailed how the electric car ran out of juice in the middle of a test drive? Things got so hot over the cold-weather test that the paper asked its "public editor," Margaret Sullivan, to pass judgment. Her verdict: Times auto critic John Broder took lousy notes that left him open to valid criticism.
OPEN: $37.98; CLOSE: $38.42
Tesla Motors Inc. refuted the accuracy and accounts of a Model S review published by The New York Times that raised concerns about the electric vehicle's range in cold weather, an account that sent the company's share price down in Monday trading.
OPEN: $32.80; CLOSE: $33
A Massachusetts judge has denied a request by dealers for a preliminary injunction against Tesla Motors Inc., which will allow the automaker to operate its store in suburban Boston as the dealers' lawsuit against the company proceeds.
OPEN: $29.75; CLOSE: $29.30
Tesla Motors Inc. CEO Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
OPEN: $28.73; CLOSE: $29.28
Shares in Tesla Motors Inc., the electric-car maker led by Elon Musk, today rose nearly 3 percent after the company expanded a stock offering. Tesla rose 2.8 percent to close at $29.28 for the day.
OPEN: $28.62; CLOSE: $27.66
Electric car maker Tesla Motors Inc. today cut its forecast for 2012 revenue because of a slower-than-expected rollout of its Model S sedan, sending its shares down almost 10 percent for the day.
OPEN: $32.60; CLOSE: $33.78
Tesla Motors Inc. delivered the first Model S sedan today and hinted it plans to unveil supercharging technology that will allow owners to recharge the long-range electric vehicle in just one hour.
OPEN: $32.26; CLOSE: $31.10
Tesla Motors says the battery-powered crossover it showed last week -- two years before its scheduled sales debut -- can get off the line faster than a Porsche 911. The Model X will carry seven occupants and their luggage. Its front and rear electric motors will accelerate the crossover to 60 mph in 4.4 seconds.
OPEN: $26.62; CLOSE: $26.60
Tesla Motors CEO Elon Musk, who saw the departure of two key executives gut-punch the electric vehicle maker's stock by nearly 20 percent in an afternoon, held a conference call today with journalists and analysts to calm the waters before the stock market opened.
OPEN: $28.40; CLOSE: $22.79
Two top executives at electric-car maker Tesla Motors Inc. have left the company just months before its Model S sedan is scheduled to go on sale. Tesla shares plunged on the news, falling about 19 percent to $22.79.
OPEN: $28; CLOSE: $28.69
Toyota, which previously agreed to pay Tesla $60 million for development work on battery packs and motors for use in an all-electric RAV4 sport-utility vehicle, is paying the additional funds for packs and motors to be used in a version of the vehicle that goes into production next year.
OPEN: $23; CLOSE: $19.20
Shares of Tesla Motors Inc., the first U.S. automaker to complete an initial public offering in more than a half century, retreated for the third straight day to trim the gain for its first week of trading to 13 percent.
It was a successful initial public offering for Tesla