i said no more predictions, but in celebration of my large IPO allocation I made an exception and gave you this candy.
2.22 billion market cap at a share price of 23.89 USD implies a shares outstanding count of 92.92 million shares. **** High of day (at time of writing) is 29.80 29.80 * 92.92 million = 2.769 billion USD market cap **** details of IPO: Priced at $17, above the initial $14 to $16 range. http://www.marketwatch.com/story/tesla-motors-ipo-opens-12-above-offer-price-2010-06-29?siteid=yhoof The stock opened at $19 a share, 12% above the $17 offer price. After briefly pulling back to $17.54, it staged a full-blown rally that carried it briefly to $25 a share. Tesla on Monday boosted the share offering by 20% to 13.3 million shares due to strong demand.
Tesla contributed quite a bit to electrical science. But, when it comes to practical applications, especially commercializing them, Edison was far and away the top dog.
wow, called it to the second. who yer daddy? sometimes I amaze myself another verified timestamped supercall(c)
Whoever bought in the 30's today will never see a print back up there. The hype is gonna fade quick once the sheep actually bother to read the prospectus and realize this company has never made a profit.