Tag: lock

Report: Tesla Motors share price drops as IPO lock-up period ends

Filed under: Earnings/Financials, Tesla, Electric

Tesla Motors logoTesla Motors (TSLA) shares were hammered hard near the end of last week and are still dropping as word of the expiration of a 180-day post-IPO lock-up agreement continues to make the rounds. Starting today, 75 million Tesla shares, which had previously been subject to a lock-up agreement restricting their sale, will be eligible for registration.

The automaker’s recent 10-Q filing with the Securities and Exchange Commission noted that a fall in share price could possibly coincide with the expiration of the 180-day post-IPO lock-up agreement. The filing’s actual wording reads:

The market price of our common stock could decline as a result of sales of a large number of shares of our common stock in the market in the future, and the perception that these sales could occur may also depress the market price of our common stock.

Tesla shares are currently listed at $25.44, a drop from the $29.36 that they were trading at in early November and a decline from the $32-plus price recorded near the middle of last week.


[Source: Forbes]

Report: Tesla Motors share price drops as IPO lock-up period ends originally appeared on Autoblog on Mon, 27 Dec 2010 17:29:00 EST. Please see our terms for use of feeds.

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Video: Philly suburb ponders fining people who don’t lock their cars

Filed under: Etc., Government/Legal, Videos

Locked Door screencap

Upper Moreland Township moves to make unlocked cars illegal – Click above to watch video after the jump

A suburb of Philadelphia is looking into making it a criminal offense to leave your vehicle unlocked. According to NBC Philadelphia, Upper Moreland Township wants to curb a recent rash of personal property thefts from unlocked vehicles by setting up a system of warnings and citations for those that forget to secure their car or truck on the street. Vehicles parked on personal property wouldn’t be subject to the ordinance, but the proposal would have police do spot checks in neighborhoods. Owners of unlocked vehicle would be given a warning by the police on first offense, and if the same vehicle was found to be unlocked within a year, the owner could expect a $25 fine and a citation.

So why are local lawmakers targeting vehicle owners instead of the criminals breaking laws that are already in place? NBC Philadelphia reports that Police Chief Thomas Nestel says that each year, more than 75 percent of thefts are from unlocked vehicles, which in turn means a lot more man hours and paperwork for the authorities than might otherwise be necessary. Meanwhile, local residents are having predictably mixed reactions to the idea of being fined for failing to lock their vehicles. Hit the jump to see the local news spot on the issue, and then weigh in with your own thoughts in Comments.

[Source: NBC Philadelphia]

Continue reading Video: Philly suburb ponders fining people who don’t lock their cars

Video: Philly suburb ponders fining people who don’t lock their cars originally appeared on Autoblog on Thu, 14 Oct 2010 15:01:00 EST. Please see our terms for use of feeds.

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Video: Dutch VW ‘RollGolf’ proves that Yankees don’t have a lock on junkyard creativity

Filed under: Europe, Videos, Hatchback, Volkswagen, Humor, Diesel

VW RollGolf – Click above to watch video after the jump

Never let it be said that this generation lacks imagination. Sure, these guys could have simply scrapped their diesel VW Golf when it started showing its age, but where’s the innovation? Instead, they did a fairly seamless job of shortening the wheelbase, bolted on a set of steel tube inverted rockers and called it a day.

What more could you ask for in terms of entertainment? Build up a head of steam, stab the brakes and watch as the sky and the ground switch places a few times. It’s very possibly the safest way to flip a car without having to answer to the law or your insurance company. And, to answer the inevitable question… why not?

According to the YouTube description, the builder still has a few tweaks to make to the design. We have to wonder exactly the mastermind behind the contraption has planned. If nothing else, it’d be a great way to get past those pesky tire strips on your next low-speed chase. Hit the jump to take a look at the video for yourself. Thanks for the tip, Joost!

[Source: YouTube]

Continue reading Video: Dutch VW ‘RollGolf’ proves that Yankees don’t have a lock on junkyard creativity

Video: Dutch VW ‘RollGolf’ proves that Yankees don’t have a lock on junkyard creativity originally appeared on Autoblog on Fri, 06 Aug 2010 14:59:00 EST. Please see our terms for use of feeds.

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