After One Week On Nasdaq, Tesla Stock Falls Below IPO Price

after one week on nasdaq tesla stock falls below ipo price

What a week it’s been! Tesla’s stock price is currently sitting just over $16, down from last week’s IPO price of $17. In the meantime, it’s been as high as $29.89 per share. Plenty of analysts figured Tesla’s IPO would be bubble-tastic, but did anyone think the fizz would go out of the EV maker’s stock so soon?

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  • John Horner John Horner on Jul 06, 2010

    Dot com bubble redux.

  • Niky Niky on Jul 07, 2010

    Pundit pessimism? I'm actually impressed that Tesla managed to bob above the vaporware level long enough to actually produce a car. (though Venturi did it first...) But the car and the company itself were never a solid business case.

  • Mpresley Mpresley on Jul 07, 2010

    For all those who critique the "pundit pessimism," since these folks are obviously up for a sure winner and know a good thing when they see it, I suggest each pick up several hundred shares, or so. As much as you can afford. Then, pretty soon, come back and laugh at those of us luddites after the stock has quadrupled in value, and you're driving around town (just don't go over 240 miles) in your nice new Telsa roadster. Good grief.

  • Mpresley Mpresley on Jul 07, 2010

    The Holydonut gives us a handful of reasons to be optimistic, and then closes with: "BTW I bought their stock on the IPO public opening, and dumped it all the next morning." THAT says it all. Talk about mind-boggling.

    • Holydonut Holydonut on Jul 07, 2010

      Their shares are reasonable around $15 (which is where I thought their IPO was going to open originally). I have some limit orders in place to pick them back up when they become reasonable once again. But I'd be stupid to continue holding a stock that was overvalued. I think you guys are picking extremes of either "Tesla Death Watch / not a hope in hell" and "put all my eggs in one basket." Hopefully you can fathom there is a middle ground. It's not like there always has to be a situation where you're proven right or proven wrong.

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