CEO of Tesla Likely Made $24 Million at IPO;

The CEO of Tesla, Elon Musk, is thought to have made at least $24 million at the highly successful IPO that was held yesterday. Tesla is an electric vehicle manufacturer. Ford offers a hybrid vehicle called the Ford Fusion which can be bought at a Kansas City Ford dealer. Nissan's Leaf, an electric model that is coming out soon, will have various Boston Nissan Prices depending on the area. A Jetta hybrid will also be released by Volkswagen whose other models can be seen at a Peoria Volkswagen dealer.

Elon Musk has invested at least $70 million of his own money into the venture which has proven to be of a high interest to many investors. Elon Musk previously had started the successful ventures of PayPal and Zip2 Corp.

He had however supposedly been suffering some financial problems as his ex-wife was demanding a fee for her support that Musk had to take out a loan from friends to pay off. In February, he had $650,000 in liquid assets. His 26.9 million shares of Tesla are valued at $642 million based on the price per share at closing time on Tuesday.

Yesterday, Tesla sold $13.3 million shares at a $17 price. The price went up 41% from its initial price of $17 to $23.83. The 41 percent gain was the second largest for an IPO from a U.S. company this year. With the success of the IPO, it is thought that Elon Musk has made back some of his investment in his hopeful company.

Tesla has attracted interest from Daimler AG and Toyota who will invest $50 million into the company later this year. The Tesla Roadster, a $109,000 fully electric sports coupe is owned by celebrities Brad Pitt and George Clooney.

Tesla Does Better than Expected at IPO!

The Tesla IPO which was held on Tuesday went better than expected. Tesla is a Palo Alto, Calif. based electric vehicle manufacturer. Other automakers with "green" hybrid vehicle models include the Nissan Altima and Ford Fusion, which can be test driven at a Nissan Altima Inventory or at an Edmonton Ford dealer respectively. VW dealer businesses throughout the nation hope to get a hybrid Volkswagen Golf or other model in the next few years to help them compete in the rapidly expanding hybrid and electric car market.

Tesla held the first IPO of a car manufacturer since Ford in the 1950's on Tuesday. Tesla did well at the IPO, as their stock went up 41 percent on a day in which other markets did not fare as well. Tesla started at $17 dollars per share, and by the end of the day the company's stock value went up to $23.89 per share. 13.3 million shares were sold at the $17 per share price and traded under the name TSLA.

The current Tesla Roadster is a high priced and low production model. The cost of the roadster is $109,000 and it is owned by several celebrities and high profile businesspeople. However, Tesla will offer a larger scale production of its Model S sedan that will be released in 2012.

Tesla was hoping to raise a large amount of money at its IPO to help it continue to expand its business. The funds will likely be used for new manufacturing facilities and possible acquisitions. Tesla has not yet been profitable but this is likely due to the fact that it has very limited amounts of its first model, and that proper manufacturing facilities have not yet been purchased for the automaker.

Now that Tesla has the money that it needs, this will change, and Tesla may be into high profitability earlier than expected with its excellent results at its IPO.

Tesla Offering 20% More Shares in IPO!

Tesla Motors Inc. is an electric vehicle research and manufacturing company based out of Palo Alto, Calif. In a move to raise more capital at its initial public offering, Tesla is going to offer 20% more shares. The Nissan Leaf, another all electric vehicle can be purchased at a discount with Nissan deals. Volkswagen is releasing a hybrid Jetta that will be found at a local VW dealer, and help it compete in the electric vehicles market. Also the Mazda Tribute is a hybrid vehicle offering that can be found at a Boston Mazda dealer.

The company is the first automaker since Ford in the 1950's to hold an IPO, and the IPO will be take place with recessed and slow markets throughout the world and America. Initially, Tesla anticipated offering around 11 million shares, but that number has gone up to 13.3 million shares. The pricing will remain the same of $14 to $16 per share.

Tesla is hoping to raise at least $213 million after it has had several unprofitable years due to the high research, manufacturing, and development cost of its initial models and technology. CEO Elon Musk is also going to offer more of his own shares at the IPO. He is a co-founder of Paypal and SpaceX and a serial entrepreneur.

The money will be used to purchase more factories and possible be used for acquisitions. Tesla does not anticipate profitability for another few years until it can scale up its production levels. There are only a handful of Tesla Roadsters, the company's premiere model, produced every year. Tesla will offer their Model-S sedan which is a full electric vehicle for large scale production in 2012. In the meantime, they hope to increase their production levels with the IPO and government funding as well.

President Obama has made it clear that he supports electric vehicle research as it will reduce dependency on foreign oil and improve the quality of the environment. Obama has set a goal to have 1 million electric and hybrid vehicles on American roads by 2015. Tesla received a $405 million dollar loan from the government to fund some of its initial research and production.

Redesigned Mazda 2 Will Debut in the United States;

The newly redesigned Mazda 2 will debut in the United States this August. It is the smallest and lowest priced model offering from Mazda. The latest 2011 model is the third generation, while the first two generations were not sold in the United States. Competing models include the Toyota Yaris which can be quoted on Toyota Prices websites, and the Ford Fiesta which can be found at a Cincinnati Ford dealer.

Other models such as the Honda Fit, Kia Soul, Nissan Versa, and Scion tC will battle for larger shares of the rapidly expanding sub compact car market in the United States and the rest of the world. The subcompact car market is expanding due to increased consumer concern about fuel efficiency. Subcompact cars are some of the most fuel efficient regular gasoline models available due to their small size and less powerful but more fuel efficient engines.

The Mazda 2 features a 1.5 liter four cylinder engine with 100 horsepower and 98 lbs per foot of torque. It features a comfortable ride and excellent handling. It is a 5 door hatchback that is very similar to the Ford Fiesta. Ford and Mazda have a partnership and sometimes borrow features from one model to another.

The major difference between the third-generation and second-generation Mazda 2 is weight. The latest Mazda 2 is a substantial 10 percent lighter than the previous generation. There were numerous weight saving measures implemented such as new materials that made the car body stronger and lighter, reduction in number of parts, and redesigned doors.

The Mazda 2 also features interior differences such as more room for front passengers, although it may be lacking in rear legroom. The major reasons that Mazda decided to do this is because of a study that found that the majority of subcompact car buyers were single or married couples without children.

White House Backs Legislation for Electric Car Promotion Financing;

The White House has recently announced the backing of legislation that would be involved in funding the promotion of electric vehicles such as the Ford Escape Hybrid and electric vehicle technology. The move is thought to be partially motivated by the recent British Petroleum oil leak in the Gulf of Mexico that is turning out to be a serious environmental and economic disaster for the Gulf and bordering states. Electric vehicles can be serviced at a Bradenton auto body service.

The bill is called the Electric Vehicle Deployment Act of 2010. The bill, which was proposed by the Senate, suggest that up to $10 billion should be allotted for the promotion of the usage of electric vehicles in the United States. The bill would set up between 5 and 15 "deployment communities" that would be involved in local promotion of electric vehicle usage. The House also created a similar bill.

The communities would receive grants up to $250 million for recharging stations, and other related electric vehicle supporting infrastructure. Washington has also given $2.4 billion in funds to various companies for electric battery research and development.

At the moment, up to $7,500 is available to consumers who purchase electric vehicles as a tax credit, which is a strong incentive for an electric vehicle purchase. But the bill lacks any additional types of consumer purchasing incentives and it does not fund battery research and development.

Automakers in the United States and abroad have spent billions of dollars on alternative fuel research and fuel efficiency research that was in part motivated by gasoline price increases of 2007. The United States government has made it clear that there is a strong desire to reduce dependency on foreign oil and also improve domestic car fuel efficiency which would result in less carbon emissions.

The Alliance of Automobile Manufacturers opposed the bill due to a lack of funding for diesel hybrids, fuel cells, or hydrogen powered vehicles, which are other areas of alternative fuel research.

Tesla Looking to Raise at Least $178 Million from IPO;

Tesla Motors Inc., a North American electric car manufacturer based out of Palo Alto, Calif., will be holding an initial public stock offering on June 29. Tesla hopes that buyers will purchase at least $178 million of stock. Automakers such as Nissan and GM, who are releasing the Leaf and Volt respectively have been interested in the electric vehicle car market. The Volt will be found later on this year at a North Carolina Chevrolet Dealer.

Tesla received a $465 million dollar interest bearing loan from the United States government in June of 2009, and it has also roused the attention of Toyota who has recently announced a partnership with Tesla with undisclosed implications. Preowned Toyota models can be browsed at a Jersey City used cars dealership.

Tesla intends on selling 11.1 million shares of stock priced anywhere from $14 to $16 dollars per share. The company will list on the NASDAQ stock exchange under the acronym TSLA. Although Tesla may end up raising their target amount of money, the current slowed state of the stock market will likely have some implications on the amount of stock that Tesla ends up selling at the IPO.

The company has not had a profitable year since its inception, but this should not be mistaken for failure, as a large amount of the money Tesla has obtained from the sale of the Tesla Roadster and grants and loans has gone towards advanced electric battery research and development.

Tesla intends on spending the money it raises from the IPO on new factories and potential acquisitions.

The money that Tesla received from the United States government was not a part of a bailout package but was instead money that was set aside in a U.S. Department of Energy program under the Bush administration that was intended for research on alternative fuel sources to reduce American dependency on foreign oil.

Volkswagen to Release Jetta Hybrid;

The German automaker Volkswagen has announced that they will be releasing a Jetta Hybrid vehicle to stay competitive in the electric vehicle market in the future. Volkswagen owns several high class popular and luxury brands such as Audi, Bentley, Bugatti, Lamborghini, SEAT, and Skoda Auto which can be purchased at a discount with North Carolina used car loans.

Volkswagen is the 3rd largest manufacturer in the world with Toyota as the number one manufacturer in 2009 and GM as second in 2009. Ford, whose most recent models can be purchased at a Ford dealer, is attempting to break into the top 3 with improving sales and the new 2011 Mustang. Volkswagon aims to become the largest automaker in the world by 2018 and the new Jetta Hybrid is a great step in that direction.

The 2012 Jetta Hybrid is an attempt to take larger shares of the hybrid and electric market by Volkswagen. Volkswagen hopes to take three percent of the electric vehicle market by 2018. Volkswagen has demonstrated hybrid capacities with the Touareg Hybrid that was demonstrated at the 2010 Geneva Motor Show. The Touareg Hybrid will go on sale toward the fourth quarter of 2010.

The Detroit Auto Show gave Volkswagen the opportunity to show the Jetta's hybrid technology. The demonstrated technology showed a 45 mpg capacity with a 1.4 liter 150 horsepower four cylinder engine operating in conjunction with an electric motor and seven speed transmission.

Volkswagen also intends on coming out with a fully electric minicar and hybrid versions of the Golf and Passat. The electric vehicle market is highly competitive with several manufacturers such as Ford, GM, and Toyota leading the way with several upcoming electric or hybrid models. Nissan's Leaf is also another strong competitor in the electric vehicle market. Toyota recently announced a partnership with Tesla which may result in a new Toyota vehicle with the latest battery technology.

Recharge Your Hybrid--the Use of Plug-in Hybrid's!

With hybrids circulating pretty healthily through the automotive market it is no wonder that plug-in hybrid's have come about. Originally named the PHEV (for plug-in hybrid-electric vehicle) is like any other hybrid, except the battery pack is larger and can be recharged from an electrical outlet. This fact makes many hybrid car buyers happy since the latest model's have almost done-away with the electrical-outlet hybrid model's. The PHEV provides most of the benefits of a battery electric vehicle and a hybrid in a single package at a substantial cost compared to other newer cars that you would find parked on Cincinnati car lots and even St. Petersburg used car lots.

When charged, the extra energy stored in the plug-in hybrid's battery extends the vehicle's electric-only range, allowing some hybrid plug-in models to achieve an average of 100 mpg or more. So why aren't these cars flying off the lots themselves? A lot of the uncertainty between the plug-in hybrid's and the hybrids that do not incorporate plug-in's remain with the cost of the batteries themselves and the fact that there is always room for overheating of the battery and possible complications. However, the only thing that could most likely change all of this for the plug-in hybrid remains with the people and the automaker's who are measuring just when and where the market for these vehicles is going to begin. Once there is, it is assumed that automaker's will start investing a bit more into the hybrid plug-in, and even in public docking stations to charge the beloved electric hybrid.

While we may be waiting on this market for electric hybrid's to build-up and our technology to become sufficient enough to support such mass quantity of plug-in docking stations there is nothing to prevent you from continuing in seeking out these special and very eco-friendly cars! 

Google.org RechargeIT: Plug-in Hybrids

Lotus Evora 414E--The Present, The Future!

When it comes to hybrid and/or electric cars, these cars are not always the first one's consumers immediately flock to you--mostly because they don't believe that these cars are actually cars at all but instead just generic versions of an average vehicle. However, when the Lotus Evora 414E comes into the picture, this car is enough to convince any skeptic that hybrid cars are not in any way generic, sub-par vehicles. Packed with two electric motors that independently drive each rear wheel with a single-sped transmission integrated into a common housing, it's no wonder you would choose a hybrid dealer for this car over any Greenville Ford dealer or Indiana Chevrolet dealer.

With each motor providing 204 horsepower and 295 pound-feet of torque to each wheel allows excellent torque vectoring for enhanced performance, low speed maneuverability, and parking ease. Not only does torque steering improve these features, it also helps high-speed, straight-line travel. Now you may not think about all of these great things when your hybrid sports car is accelerating from 0-60 mph in under 4 seconds, but they are happening all within a single speed that simulates a 7-speed paddle, quick-shift gear change with a dual clutch transmission.

Not only does this car drive, and look like a conventional sports car--it also sounds like one! This is a great make-up for it not being one. Packed with all of the great features of being a hybrid and also mimicking your favorite brand of sports cars can quite possibly be enough for the consumer market that demands quality and more. So don't keep on waiting and ogling this car on it's picture and video--figure out how you can get one today! 

Lotus Powers Geneva: Lotus Evora 414E Hybrid @ 2010 Geneva Auto Show

A Smarter Way to A Greener Market, Audi A3 TDI:

With an automotive market becoming more and more green, while our consumers become more and more concerned with their gas-tanks and just how much pollution they are creating--it's no wonder why many popular automaker's have gone scrambling for the best car engineer's and fuel economist's to help them curb this appetite for their customers. This may be where the Audi A3 TDI comes in, considering it's 42 mpg highway fuel economy and at-the-ready performance, it's hard to consider why you wouldn't want to spend the extra cash and go green. After all, couldn't it be readily assumed that you'd just as quickly save this money by investing in the Audi rather than any other new or used car at a well-respected Cincinnati Ford dealer, or Cincinnati used car lot.

Estimated at around $29, 950, the Audi A3 TDI is a sport and upscale clean diesel model that can easily fit into anyone's lifestyle and add to their tools of convenience quite easily. Loaded with style, a popular hatchback, and luxury overtones it is small enough to fit into tight parking spaces and large enough to handle average-sized family's with fold-down seats and room for cargo. However, not only does it leave you with room, but it also provides you and your passengers with the comfort and leather seating you deserve so that you can reach the convenient locations of your controls and see from almost any point within the car while avoiding most blind-spots that most cars create.

Thanks to optional features as well you may be able to add a cold weather package that brings heated front seats, mirrors, and windshield washers as well as an Open Sky sunroof to accommodate the dark tinted windows that add to your privacy as well as the overall looks of the car. No matter what you add or subtract from the Audi A3 TDI, it is never going to take away the way the car combines power and economy to completely sell it's customers and earn itself the Green Car Journal's 2010 Green Car of the Year. With that type of recommendation, who wouldn't want to take this baby for a test-drive?

Audi A3 TDI - The 2010 Green Car of the Year