The ongoing dispute between Fox and Cablevision is becoming the fall’s best drama, full of exciting twists and turns and exciting guest stars — in this case, the FCC, which hopes to end this conflict by getting both sides to submit information on their negotiations.
Today on the Net: an analyst estimates that NBC Universal is worth negative $600 million while USA Network is worth $11.7 billion, broadcasters like NBC are holding back the available ad inventory for sale on Hulu and Imax’s CEO says not every 3-D movie will work.
Tesla’s IPO was all about expectations and innovations from a Silicon Valley startup that fancies itself a technology developer on the scale of Apple or Google. GM’s IPO will be about overcoming its recently-tumultous and century-old past, and about delivering as a manufacturing company.
Molycorp, a company that controls one of the largest deposits outside China of a group of metals used in many green technologies, is off to a rocky start on the public markets after raising $393.8 million in its IPO today.
Tesla’s stock has sunk for the first time below its $17 IPO price, shedding more than 16 percent today to close at $16.11. At one point the stock traded as low as $15.83, a significant drop from last week’s peak above $30.
Is this the beginning of a trajectory for Tesla’s stock that will echo battery maker A123 Systems’ slide from levels above $20 after going public in September, to around $9 today?
How much is an electric car maker worth? Some of the world’s largest automakers have invested significant sums into plug-in vehicle development efforts, but Tesla’s IPO gives us the first real glimpse of how the market values an electric vehicle business.
Tesla Motors’ shares ended their first day of trading up 40.5 percent over their $17 offering price, at $23.89. The electric car maker saw most of its gains late in the day, when the stock surged as high as $25.
Tesla delivered a solid Nasdaq debut amid a tumbling global market, with its stock opening at $19 a share. It pulled back to $17.62 per share by late morning, but had zoomed upwards of $20 per share by mid-afternoon.
UPDATED Here’s the rundown on who owns what portion of Tesla Motors, who will and won’t be selling shares at the IPO, and what their stakes will be worth (on paper, at least) at Tesla’s debut price of $17 per share.