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Private Company Valuations: Tesla Motors, Inc.

Posted By Justin Byers, Lead Business Intelligence Analyst on February 3, 2010

Tesla Motors, Inc. recently filed a Form S-1 Registration Statement for a proposed IPO. This week we are going to take a look at their last round of financing from August 2009.

Tesla Motors, Inc. was founded in 2003 and is headquartered in San Carlos, California. The company engineers and manufactures electric vehicles. In September 2009, the company closed on a Series F round of financing in the amount of $82.5 MM. Some of those participating in this round were Blackstar Investco LLC (an affiliate of Daimler AG), Al Wahada Capital Investment LLC, and Fjord Capital Partners. The Deal Terms of this round were:

Filing Date 08/31/2009
Liquidation Preference for the Current Round Senior
Round of Financing Series F
Round Direction Up Round
Multiple of the Liquidation Preference 0 – 1x
Type of Preferred Stock Conventional Convertible
Anti-Dilution Protection Weighted Average
Redemption at Investor’s Option No
Pay-to-Play Provisions No
Cumulative Dividends No
Dividend Rate 6%
Price Per Share $2.9692
Amount Raised in Current Round $82.5 MM
Post-Money Valuation $800 MM

Implied Valuation Ticker

The Valuation Ticker is a venture capital valuation tracking tool that utilizes the average daily close prices of public companies in particular industries. Each of these companies received venture capital or private equity funding prior to their IPO.

Utilizing averages from 1999 to present, these daily figures are then applied to the most recent post-money valuation of a private, venture-backed company within the same industry, as calculated by VC Experts, to simulate the movement of that company’s valuation on a daily basis.

Additional data is utilized as a comparative measure, including the NASDAQ and S&P 500 indexes. With this tool, VCs, hedge fund managers, investment bankers and other investor groups can create a bucket of comparable analysis, as well as determine potential entry points when to go public.

For additional data on Tesla Motors, Inc. previous financings rounds, plus access to valuation and deal term metrics on 3,000 other private venture funded companies, visit the Private Equity Data Center or call 646-290-9254.

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