6 Comments

Summary:

As Tesla’s stock keeps on rising, Ray Lane, the Kleiner Perkins venture capitalist and former Oracle executive who has backed plug-in hybrid startup Fisker Automotive, says he sees an IPO for Fisker down the road.

In its first two days of public trading, Tesla Motors has seen its shares rank among the stock market’s biggest gainers. Tesla’s stock debuted on the Nasdaq Tuesday at $19, and rose 40.5 percent over the $17 offer price to close at $23.89 after a rally late in the day. That momentum appears to be continuing, with shares in the electric car maker opening at $25.96 today, hitting a high of $30.42 in morning trading and changing hands at between $27 and $28 per share this afternoon, up more than 15 percent.

This appetite for Tesla’s stock, apparently still unsated, has captured the attention of Ray Lane, the Kleiner Perkins venture capitalist and former Oracle executive who has backed plug-in hybrid startup Fisker Automotive. “Certainly we would plan to sell shares in the public market once the Karma is on the road and we have visibility into the revenue plan,” he tells Delaware Online, adding that Tesla’s successful IPO represents “good news in that it provides real market data on what value investors place on new vehicle companies.”

For more research on cleantech financing check out GigaOM Pro (subscription required);

Cleantech Financing Trends: 2010 and Beyond

IT Opportunities in Electric Vehicle Management

  1. [...] jumps 41% on first dayThe Detroit NewsTesla Stock Picks Up Major Speed After IPOMinyanville.comEarth2Tech (blog) -Penny Stock Live (blog) -Los Angeles Times (blog)all 1,591 news [...]

    Share
  2. [...] electric car maker suggested it will also one day go public. That would be Fisker Automotive, and Ray Lane, the Kleiner Perkins venture capitalist and former Oracle executive, said this week that “Certainly we would plan to sell shares in the [...]

    Share
  3. [...] a facility formerly co-owned and operated by General Motors and Toyota. And now Fisker — still far from an IPO, but certainly sizing up the possibility — will be converting its own old car factory, a vacated General Motors plant in Delaware, to [...]

    Share
  4. [...] with Kleiner Perkins who backed electric vehicle startup Fisker Automotive (a Tesla competitor) said last week that Fisker, like Tesla, would at some point plan to sell shares in the public market once its [...]

    Share
  5. [...] point this afternoon the stock changed hands for as little as $15.83, a significant drop from the peak above $30 per share that Tesla saw on its second day of trading last [...]

    Share
  6. [...] electric car maker suggested it will also one day go public. That would be Fisker Automotive, and Ray Lane, the Kleiner Perkins venture capitalist and former Oracle executive, said this week that “Certainly we would plan to sell shares in the [...]

    Share

Comments have been disabled for this post