# Tesla — Capital Time Machine Follow two documented private financing stages to Tesla’s 2010 IPO. The model accounts for its pre-IPO common-stock reverse split. Canonical citation: https://capitaltimemachine.com/private/tesla Dataset revision: ctm-research-2026-10-01; evidence register reviewed: 2026-09-19. Each observation retains its own check date. Publisher: CapitalTimeMachine. Methodology: https://capitaltimemachine.com/methodology ## What this supports Series D and F use original preferred issuance prices. Note 5 gives issuance/conversion prices of $2.44/$7.32 and $2.97/$8.91, respectively, so each preferred share maps to one-third of a common share. The May 2010 common-stock reverse split is included in this factor; do not apply it again. Offering value uses the June 28, 2010 $17 price, before any later public-market splits. Prices are rounded in the filing; output is approximate. Other preferred series, notes and warrants are excluded. ## Limitations - Historical research and hypothetical arithmetic, not live quotes, investment advice or an offer to invest. - Company valuation changes are not shareholder returns. Financing, dilution, security rights and exit access matter. - IPO offer-price marks are not realized sale proceeds; minimum investments and access are not established. - User-entered prices and valuations are assumptions, not sourced observations. Fee and carry treatment is stated by each method; taxes and distributions are excluded. - Selected surviving companies are not representative of private-market outcomes; investments may lose all value. ## Sourced observations ### TSLA-D — Series D preferred issuance Value: 2.44 USD; scope: per_share_issuance_price Date: 2007-05; precision: month; role: reported_issuance_month; actual investment date: not established Security: Series D preferred; share basis: preferred_units_conversion_includes_reverse_split Verification: primary_verified; checked: 2026-09-17 Series D and F use original preferred issuance prices. Note 5 gives issuance/conversion prices of $2.44/$7.32 and $2.97/$8.91, respectively, so each preferred share maps to one-third of a common share. The May 2010 common-stock reverse split is included in this factor; do not apply it again. Offering value uses the June 28, 2010 $17 price, before any later public-market splits. Prices are rounded in the filing; output is approximate. Other preferred series, notes and warrants are excluded. Source: [SEC · Tesla filing — IPO prospectus (Form 424B4)](https://www.sec.gov/Archives/edgar/data/1318605/000119312510149105/d424b4.htm) Source location: Note 5, Convertible Preferred Stock, F-22–F-23: issuance and conversion prices; Note 1 and Note 15: May 2010 reverse split Citation: https://capitaltimemachine.com/private/tesla#TSLA-D ### TSLA-F — Series F preferred issuance Value: 2.97 USD; scope: per_share_issuance_price Date: 2009-08; precision: month; role: reported_issuance_month; actual investment date: not established Security: Series F preferred; share basis: preferred_units_conversion_includes_reverse_split Verification: primary_verified; checked: 2026-09-17 Series D and F use original preferred issuance prices. Note 5 gives issuance/conversion prices of $2.44/$7.32 and $2.97/$8.91, respectively, so each preferred share maps to one-third of a common share. The May 2010 common-stock reverse split is included in this factor; do not apply it again. Offering value uses the June 28, 2010 $17 price, before any later public-market splits. Prices are rounded in the filing; output is approximate. Other preferred series, notes and warrants are excluded. Source: [SEC · Tesla filing — IPO prospectus (Form 424B4)](https://www.sec.gov/Archives/edgar/data/1318605/000119312510149105/d424b4.htm) Source location: Note 5, Convertible Preferred Stock, F-22–F-23: issuance and conversion prices; Note 1 and Note 15: May 2010 reverse split Citation: https://capitaltimemachine.com/private/tesla#TSLA-F ### TSLA-OFFER — IPO offering price Value: 17.00 USD; scope: public_offer_price_per_share Date: 2010-06-28; precision: day; role: offering_pricing; actual investment date: not established Security: Common; share basis: undefined Verification: primary_verified; checked: 2026-09-17 2010 share units; not a present-day split-adjusted quote. Source: [SEC · Tesla filing — IPO prospectus (Form 424B4)](https://www.sec.gov/Archives/edgar/data/1318605/000119312510149105/d424b4.htm) Source location: Prospectus cover: $17 offering price, June 28, 2010 Citation: https://capitaltimemachine.com/private/tesla#TSLA-OFFER ## Calculation options { "early_stage_assumptions": null, "ipo_offer_models": [ { "id": "TSLA-D-IPO", "company": "tesla", "start": "TSLA-D", "end": "TSLA-OFFER", "label": "Series D → IPO offer-price mark", "conversion_factor": "1", "conversion_divisor": "3", "split_adjustment": "included_in_conversion_do_not_apply_again", "reviewed_on": "2026-09-17", "basis_note": "Series D and F use original preferred issuance prices. Note 5 gives issuance/conversion prices of $2.44/$7.32 and $2.97/$8.91, respectively, so each preferred share maps to one-third of a common share. The May 2010 common-stock reverse split is included in this factor; do not apply it again. Offering value uses the June 28, 2010 $17 price, before any later public-market splits. Prices are rounded in the filing; output is approximate. Other preferred series, notes and warrants are excluded.", "source_url": "https://www.sec.gov/Archives/edgar/data/1318605/000119312510149105/d424b4.htm", "source_locators": [ "Note 5, F-22–F-23: original issuance price divided by conversion price; May 2010 reverse split", "Prospectus cover: $17.00, June 28, 2010" ] }, { "id": "TSLA-F-IPO", "company": "tesla", "start": "TSLA-F", "end": "TSLA-OFFER", "label": "Series F → IPO offer-price mark", "conversion_factor": "1", "conversion_divisor": "3", "split_adjustment": "included_in_conversion_do_not_apply_again", "reviewed_on": "2026-09-17", "basis_note": "Series D and F use original preferred issuance prices. Note 5 gives issuance/conversion prices of $2.44/$7.32 and $2.97/$8.91, respectively, so each preferred share maps to one-third of a common share. The May 2010 common-stock reverse split is included in this factor; do not apply it again. Offering value uses the June 28, 2010 $17 price, before any later public-market splits. Prices are rounded in the filing; output is approximate. Other preferred series, notes and warrants are excluded.", "source_url": "https://www.sec.gov/Archives/edgar/data/1318605/000119312510149105/d424b4.htm", "source_locators": [ "Note 5, F-22–F-23: original issuance price divided by conversion price; May 2010 reverse split", "Prospectus cover: $17.00, June 28, 2010" ] } ], "valuation_comparisons": [], "user_entered_private_prices": false, "entered_public_price_review": { "company": "tesla", "ticker": "TSLA", "issuer_cik": "1318605", "model_ids": [ "TSLA-D-IPO", "TSLA-F-IPO" ], "from_date": "2024-06-10", "through_date": "2026-09-19", "reviewed_on": "2026-09-19", "status": "reviewed_user_price_scenario", "historical_only": false, "limitation": "Entered price is unverified. Use the actual common-share price on its dated basis, not a dividend-adjusted or retrospectively split-adjusted history.", "listed_equivalent_factor": "1", "splits": [ { "date": "2020-08-31", "factor": "5", "label": "5 for 1", "source": "https://ir.tesla.com/press-release/tesla-announces-five-one-stock-split" }, { "date": "2022-08-25", "factor": "3", "label": "3 for 1", "source": "https://ir.tesla.com/press-release/tesla-announces-three-one-stock-split" } ], "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1318605/000119312510149105/d424b4.htm", "title": "Original IPO share basis", "locator": "Prospectus / offering and capital-stock terms; the existing private-to-IPO model supplies the entry conversion." }, { "url": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm", "title": "Issuer 10-Q · 2026-07-23", "locator": "Common-stock presentation and corporate-action screening. A missing split keyword alone is not evidence of a complete history." }, { "url": "https://www.stocksplithistory.com/?symbol=TSLA", "title": "Supplemental split-history screen", "locator": "Dated post-IPO corporate actions only. Ticker reuse can introduce unrelated pre-IPO events; those are excluded. No market quote was copied." } ], "review_note": "Entry-to-IPO conversion reuses the approved company-specific model. The post-IPO corporate-action screen matches the issuer CIK and excludes reused ticker history predating its IPO. This is a bounded price-only scenario, not a licensed quote or a certified corporate-action feed." }, "public_ipo": null } ## Reuse and corrections Link to the company page and original evidence, retain dates, units and limitations. Third-party source terms remain applicable; no new license to third-party material is granted. https://capitaltimemachine.com/terms Corrections: mailto:capitaltimemachine@gmail.com