Tesla files for $2B stock sale to back Model 3

[lost in melb.]

Tesla Motors announced on Wednesday an underwritten registered public offering of about $2 billion shares of its common stock to accelerate the ramp of the Model 3.


http://o.aolcdn.com/dims-shared/dims3/GLOB/crop/2500x1406+0+0/resize/1400x787!/format/jpg/quality/85/http://o.aolcdn.com/hss/storage/midas/4c6ed994b755af7f0cd6753ed445a60e/203694497/p3310511-1.jpg

The electric automaker is offering about $1.4 billion in shares. CEO Elon Musk will sell the remaining shares to "cover tax obligations associated with his concurrent exercise of more than 5.5 million stock options."

Shares of Tesla were down more than 2 percent in after-hours trading.

In a Wednesday note to clients, Goldman Sachs estimated that Tesla only needed to raise $1 billion to fund accelerated Model 3 production. The firm also said it sees a 22 percent upside to its six-month price target of $250.

Goldman is one of the leading underwriters on the stock sale.

A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California, March 31, 2016.
Model 3 demand raises key question for Tesla

Tesla said that it will use the capital to help meet the overwhelming demand for the Model 3. As of April 21, Musk said that the company had received about 400,000 orders for the vehicle.

The surge of demand raised questions about how the electric automaker could deliver the vehicles in a timely manner. In the first quarter, Tesla delivered 14,820 cars, falling short of analyst expectations of 16,000. Despite the miss, Tesla said it still expected to deliver between 80,000 and 90,000 vehicles in 2016.

The company said it intends to deliver the Model 3 by the end of 2017 and is accelerating its 500,000-unit build target to 2018, as it had stated in its first-quarter shareholder letter. Tesla had previously aimed to meet this goal by 2020.

Tesla added that Musk will donate 1.2 million shares of his Tesla stock to charity. The company said in a statement that Musk's overall stake will increase after the close of these transactions.

[lost in melb.]

He's one audacious bastard.

Are Teslas any good?

[FBD]

http://www.zerohedge.com/news/2016-05-19/goldman-responds-goldmans-stock-offering-goldman-upgraded-tesla

In what many considered to be a flagrantly criminal abuse of investment bank "restricted lists", yesterday Goldman underwrote a $2 billion equity offering for Tesla (to find its amusing expansion strategy) just hours after Goldman upgraded the stock to a Buy.

We have done our best to alert the regulators...

https://twitter.com/zerohedge/status/733033259563667456/photo/1



Hey @GoldmanSachs do you use restricted lists and was Tesla on it?

— zerohedge (@zerohedge) May 18, 2016

http://i.imgur.com/K4JinuB.jpg

Actually the biggest risk factor, and what is most hilarious about this whole incident is that in the Goldman upgrade, which was clearly rushed, and in which Goldman itself admitted there is a two-thirds likelihood the stock will plunge to $125 or lower and the only upside is due to a "key man provision" and a ridiculous thesis that Musk alone is worth tens of billions in market cap (somehow excluding tens of billions in taxpayer grants)...

... is that all those who bought TSLA on the Goldman report (and/or Goldman stock offering) will actually read it.




(in other words, its shit, and goldman sachs is a pack of fraudulent liars that strip ill gotten gains from people foolish enough to invest with them or take their investing advice)

[lost in melb.]

Thought Goldman-Sachs were the bees-knees :-k

[lost in melb.]

IC Engine's days are numbered though...perhaps that's a factor?


https://www.youtube.com/watch?v=NTFlWcc-1o4


https://www.youtube.com/watch?v=UgZJg6Mu0cU

[FBD]

Thought Goldman-Sachs were the bees-knees :-k

they are part of the global banking syndicate that's raping the fuck out of the planet....so yeah, if you're on the inside of that fuckery, bees knees they are.

[lost in melb.]

they are part of the global banking syndicate that's raping the fuck out of the planet....so yeah, if you're on the inside of that fuckery, bees knees they are.

Maybe they've finally made a good investment :dance:

[lost in melb.]

Another one :huh:





https://www.youtube.com/watch?v=6eGhjhx8O9M

[lost in melb.]

Finally!




https://www.youtube.com/watch?v=_nQDU7HOStc

[FBD]

you do realize that a lot of coal is burnt to power those electric cars, right? :razz:

[lost in melb.]

It's not the green credentials that are impressing me, to be honest :razz:

[FBD]

I just had to mess with ya bro :)

[FBD]

musk...cash....out....

Tesla Suppliers Warn Musk Expansion Goals Are "Implausible" (http://www.zerohedge.com/news/2016-05-20/telsa-suppliers-warn-musk-expansion-goals-are-implausible)


Having cashed out a few hundred million dollars worth of stock to some dliuted greater fools - with the help of Goldman Sachs - the ugly face of reality of descending on Elon Musk and his government-subsidized car maker. As Reuters reports, Tesla suppliers are loudly questioning Musk's production goals as he moved up the launch of high-volume production of its Model 3 to 2018, two years earlier than planned.

Rather shockingly, given the huge demand, automaking consultants and supply executives, who asked not to be identified, admitted that Tesla has still not finalized the Model 3 design and specifications, warning that Musk's goals were "implausible," in part because Tesla's battery factory in Reno, Nevada, was unfinished; and furthermore, aluminum, lithium and other materials - already in short supply - "could be another limiting factor."

Tesla Motors Inc has surprised parts makers with plans to move up the launch of high-volume production of its Model 3 to 2018, two years earlier than planned - an acceleration that supplier executives and industry consultants said would be difficult to achieve and potentially costly.



Under ideal conditions, automakers have launched new assembly lines in 18 months, but they typically take two to three years after the first tooling and supply contracts are signed, several manufacturing consultants said.



The handful of North American auto plants capable of building 500,000 vehicles a year are all run by automakers with decades of experience, they said.



One complication is that Tesla has not finalized the Model 3 design and specifications, said automaking consultants and supply executives who asked not to be identified because Tesla prohibits them from disclosing contract details.



Musk has said the Model 3 design and engineering would be complete in June, 13 months ahead of the planned production startup.



Under ideal conditions, automakers have launched new assembly lines in 18 months, but they typically take two to three years after the first tooling and supply contracts are signed, several manufacturing consultants said.



Automaking consultant Ron Harbour of Oliver Wyman said increasing production at the Fremont plant to 500,000 vehicles in 2018 would require more stamping, welding and assembly machinery that "could take up to 18 months to order and install."



Jeff Schuster of industry forecaster LMC Automotive said the goals were "implausible," in part because Tesla's battery factory in Reno, Nevada, was unfinished.



Aluminum, lithium and other materials - already in short supply - "could be another limiting factor," said Sam Fiorani of AutoForecast Solutions.




goldman used.......the model T as a baseline for growth? :lol:

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/05/13/tesla%20ford_0.jpg

https://wattsupwiththat.files.wordpress.com/2011/10/guilt_tesla.jpg