technews.am is a new community for breaking news across the technology sector. We are still in Alpha, so please bear with us.
Tesla Files $178M IPO. Becomes A Political Issue.
alarmClock Jun 15 10Electric-car maker Tesla Motors has set its IPO date on June 29, when it is looking to raise as much as $178M. The Palo Alto-based company plans to sell 11.1M shares between $14 - $16 per share and plans to list on the Nasdaq under the symbol "TSLA." In its prospectus, Tesla said it lost $25.5M in the first quarter of 2010, vs. a quarterly loss of $16M a year earlier. In 2009, it lost $55.7M. Tesla has raised a war chest of cash but the IPO is key for to replenish it as well as to raise public awareness for the brand. Tesla sells a $109 sports car called the Roadster and the company is working on a launching a $50K sedan by 2012. Full story...
More stories from alarmclock »
alarmClock Jan 03 12 :
Kleiner Perkins Leads $50M Round in SoundCloud -
Sometimes it's the minor technical choices that make a difference between the winners and losers. In the case of Soundcloud the minor difference that sets it apart may just be that it allows sound distributors to have their own URL.alarmClock Dec 22 11 :
China Sunergy Ships 1.59 MW Of Solar Panels To Scotland -
With a stock price that is off over 87 percent over the last year, China Sunergy (CSUND :NASDAQ) is hitting the public relations trail two days before Christmas in attempt to gain some "Yule Tide spirit" for its shares by announcing they have shipped 1.alarmClock Dec 22 11 :
Solar Industry Can't Be All Bad: Soltec Opens 200 MW Plant In San Diego -
Despite the recent crash in solar stocks, Germany's Soltec held a grand opening ceremony for its 200 megawatt (MW) plant in San Diego.alarmClock Dec 21 11 :
Buffer Raises $400K To Help Schedule Your Twitter Blasts -
AngelPad alum Buffer has raised $400K from an assortment of angels. The founders fare from Europe, came to San Francisco for AngelPad but have left for Hong Kong due to visa trouble.alarmClock Dec 14 11 :
Has First Solar Finally Hit Rock Bottom? -
Just when solar investors thought their investments couldn't drop any lower, First Solar (FSLR :NASDAQ) announced the equivalent of an investment "blackout" by lowering 2011 guidance and offering less than inspiring 2012 guidance.alarmClock Dec 13 11 :
Jive Software's IPO Pop. Overvalued? -
Jive Software saw an opening gain of 26% after increasing both the share size and price of the deal. The company's stock opened at $15.alarmClock Dec 07 11 :
Uber's $32M Round to Take On Taxi Cartel -
We see a lot of eye-browsed raised by Uber's $32M round led by Menlo Ventures, Jeff Bezos and Goldman Sachs who followed existing investor Benchmark Capital and angel investors.alarmClock Nov 30 11 :
Gilt City's Virgin America Fraud -
We have had an awful experience with Gilt Groupe's Gilt City to report on. Here are the facts. You can decide if this is fraud or incompetence.Popular Tags »»
4g amazon android apple apps ceo ctia developers engadget facebook flagship gadget gadgets galaxy game google htc ios ipad iphone job jobs joel on software launch london country lte mail marketing mobile nagy nokia online marketing related articles samsung sandwich seo smartphone smartphones social media sprint t mobile twitter verizon windows phone yahoo entertainment
