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Tesla. The company with the new electric car and Nikola, the man who with the idea (among about a thousand other ideas and inventions).

Tesla. The car and the man.

Did you get in on the IPO today?  I didn’t – no money. My son did though. Maybe he will share. :-]

Read some about Nikola Tesla below.


Biz Break:Tesla’s IPO: Electric-car maker’s stock skyrockets 40.5%

By Frank Michael Russell


Posted: 06/29/2010 01:07:38 PM PDT

Updated: 06/29/2010 01:21:14 PM PDT

Elon Musk, CEO of Tesla Motors, poses with a Tesla car in Times Square following the electric automaker s initial public offering, Tuesday, June, 29, 2010, in New York.The company plans to trade on the Nasdaq stock exchange under the ticker "TSLA." (AP Photo/Mark Lennihan) ( Mark Lennihan )

Tesla’s IPO

Tesla Motors stock moved into the fast lane today in its first spin on the Nasdaq, accelerating as high as $25 after opening at $19 a share. The shares closed at $23.89, up $6.89, or 40.5 percent, from the offering price of $17.

Tesla’s supercharged debut was even more remarkable considering it was a dismal day on Wall Street, with big drops by the blue chip Dow Jones industrial average and the tech-heavy Nasdaq composite index.

At $17, for that matter, the Palo Alto electric-car maker’s initial public offering priced last night above its expected range of $14 to $16. According to a Tesla statement, the automaker sold about 11.9 million shares, while investors including CEO Elon Musk sold about 1.4 million shares. With the IPO, Tesla has an agreement to sell $50 million in shares to Toyota Motor in a private placement. According to a Merc report, Tesla raised $226 million.

Tesla’s first car is the $109,000 electric Roadster. The company has sold more than 1,000 of the electric sports car.

Tesla plans to use proceeds from the IPO and a $465 million federal loan in part to adapt Fremont’s NUMMI auto plant to build its next

Tesla Motors Inc. is a Silicon Valley-based company that engages in the design, manufacture, and sale of electric vehicles (EVs) and electric vehicle power train components. It is currently the only automaker building and selling highway-capable EVs in serial production (as opposed to prototype or evaluation fleet production) in North America or Europe.

The Tesla Roadster, the company’s first vehicle, is the first production automobile to use lithium-ion battery cells and the first production EV with a range greater than 200 miles (320 km) per charge.[2] The base model accelerates 0–60 mph (97 km/h) in 3.9 seconds and, according to Tesla Motor’s environmental analysis, is twice as energy-efficient as the Toyota Prius.[3] The company had produced its 1,000th Roadster as of January 2010.[4]

Tesla currently employs more than 500 people and is aggressively recruiting employees for positions in the headquarters in Palo Alto, California; at the Model S Design Studio in Hawthorne, California; at its European headquarters in Windsor, UK; and at an increasing number of sales facilities throughout North America and Europe.[8] On 20 May 2010, it was announced that Tesla Motors would partner with Toyota to produce the Tesla Model S at the former NUMMI plant in Fremont beginning in 2011.

Petroleum-equivalent efficiency

See also: Electric car: Comparison with internal combustion vehicles (ICEVs)

The Roadster does not actually use gasoline; therefore, petroleum-equivalent efficiency (mpg, l/100 km) cannot be measured directly but instead is calculated using one of several different methods:

A number comparable to the typical Monroney sticker’s “pump-to-wheel” fuel efficiency can be calculated based on regulations from the DOE and its energy content for a U.S. gallon of gasoline of 33,705 W·hgal (also called the Lower Heating Value (LHV) of gasoline):[100][101]

Tesla Motors is named for electrical engineer and physicist Nikola Tesla.[10] The Tesla Roadster uses an AC motor descended directly from Tesla’s original 1882 design, which he said came to him in a feverish hallucination due to exhaustion when he was working as an engineer and inventor in Hungary.

The idea for an electric car is only one of Tesla’s numerous principles and devices.  Read about him at Wikipedia: http://en.wikipedia.org/wiki/Nikola_Tesla

Nikola Tesla

(Serbian: Никола Тесла, born 10 July 1856 in Smiljan, Croatia – died 7 January 1943 in New York) was an inventor, mechanical engineer, and electrical engineer. He was one of the most important contributors to the birth of commercial electricity, and is best known for his many revolutionary developments in the field of electromagnetism in the late 19th and early 20th centuries. Tesla’s patents and theoretical work formed the basis of modern alternating current (AC) electric power systems, including the polyphase system of electrical distribution and the AC motor, with which he helped usher in the Second Industrial Revolution.

Electromechanical devices and principles developed by Nikola Tesla:

  • Various devices that use rotating magnetic fields (1882)
  • The Induction motor, rotary transformers, and “high” frequency alternators
  • The Tesla coil,[31] his magnifying transmitter, and other means for increasing the intensity of electrical oscillations (including condenser discharge transformations and the Tesla oscillators[32][33])
  • Alternating current long-distance electrical transmission system[34] (1888) and other methods and devices for power transmission
  • Systems for wireless communication (prior art for the invention of radio) and radio frequency oscillators[35]
  • Robotics and the electronic logic gate[36]
  • Electrotherapy Tesla currents[37][38][39]
  • Wireless transfer of electricity and the Tesla effect[40][41]
  • Tesla impedance phenonomena[42]
  • Tesla electro-static field
  • Tesla principle
  • Bifilar coil
  • Telegeodynamics
  • Tesla insulation
  • Tesla impulses[43]
  • Tesla frequencies[31]
  • Tesla discharge[31]
  • Forms of commutators and methods of regulating third brushes
  • Tesla turbines (eg., bladeless turbines) for water, steam and gas and the Tesla pumps
  • Tesla igniter
  • Corona discharge ozone generator
  • Tesla compressor
  • X-rays Tubes using the Bremsstrahlung process
  • Devices for ionized gases and “Hot Saint Elmo’s Fire“.[44]
  • Devices for high field emission
  • Devices for charged particle beams
  • Phantom streaming devices[45]
  • Arc light systems
  • Methods for providing extremely low level of resistance to the passage of electrical current (predecessor to superconductivity)
  • Voltage multiplication circuitry
  • Devices for high voltage discharges
  • Devices for lightning protection
  • VTOL aircraft
  • Dynamic theory of gravity
  • Concepts for electric vehicles

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Space photo of the day: June 28. Summer Solstice 2004

Since we just past the summer Solstice, I thought this might be appropriate. The following is the image and writeup from http://www.nasa.gov/multimedia/imagegallery/image_feature_187.html

The Sun at SolsticeSOHO image of the Sun

The Sun has reached its northernmost point in planet Earth’s sky marking a season change and the first solstice of the year 2004. We celebrate the arrival of summer with this false-color composite of three images from the space-based Solar and Heliospheric Observatory (SOHO), a mission of international cooperation between NASA and the European Space Agency (ESA).

All three images are made in extreme ultraviolet light, but each individual image highlights a different temperature range in the upper solar atmosphere: Red at 2 million, green at 1.5 million, and blue at 1 million degrees Celsius (3.6 million, 2.7 million, and 1.8 million degrees Fahrenheit). The combined image shows bright active regions strewn across the solar disk, which would otherwise appear as dark groups of sunspots in visible light images.

SOHO’s spectacular images are also featured in the cover article from this month’s National Geographic magazine.

Image From Astronomy Picture of the Day, Credit: NASA/ESA

Musician of the day – June 29. Anne-Sophie Mutter

Anne-Sophie Mutter plays Brahms’ Violin Sonata


Just watch.