Tesla shares back out
Since the public offering , Tesla Motors ( TSLA ) shares have been steadily declining and have already fallen below the original $ 17 level. For the last five trading sessions, the decline was 34.2%, and if you count from the maximums - even more.
Recall that the IPO took place on June 29, and it was very successful: on the very first day the papers went up to the maximum of $ 30.42. The company earned $ 266 million from the placement, which is much more than planned.
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But when the initial fever subsided, a steady decline began. Yesterday's closing session was $ 15.80.
Analysts can only guess what this dynamic is connected with. The first enthusiasm could be related to the prospects of a unique Model S electric sedan, which the company promises to release to the market in 2013 at a price of $ 50,000. However, then investors more coolly analyzed the company's financial situation. Model S so far exists only in the form of a prototype. Over the seven years of its existence, the firm has not become profitable, having lost $ 55.7 million last year and $ 260.7 million for all time.
By the way, the profit from the sale of shares just covered this seven-year debt. And if we consider that the founder Elon Musk also sold his own shares for about the same amount, the IPO in general went great. And the fact that stocks are now falling, they should no longer be particularly worried.
Recall that the IPO took place on June 29, and it was very successful: on the very first day the papers went up to the maximum of $ 30.42. The company earned $ 266 million from the placement, which is much more than planned.
')
But when the initial fever subsided, a steady decline began. Yesterday's closing session was $ 15.80.
Analysts can only guess what this dynamic is connected with. The first enthusiasm could be related to the prospects of a unique Model S electric sedan, which the company promises to release to the market in 2013 at a price of $ 50,000. However, then investors more coolly analyzed the company's financial situation. Model S so far exists only in the form of a prototype. Over the seven years of its existence, the firm has not become profitable, having lost $ 55.7 million last year and $ 260.7 million for all time.
By the way, the profit from the sale of shares just covered this seven-year debt. And if we consider that the founder Elon Musk also sold his own shares for about the same amount, the IPO in general went great. And the fact that stocks are now falling, they should no longer be particularly worried.
Source: https://habr.com/ru/post/98579/
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