Tesla Trades At Over $100

Posted: May 28 2013, 9:15am CDT | by , in News | Cars & Vehicles

 

Tesla Trades at over $100
 

For the first time shares of Tesla Motors trade over $100.

Elon Musk's Tesla Motors is on a role. For the first time the electric car maker trades above $100. Tesla Motors went IPO in 2010 trading at $17. If you bought Tesla back then you have now made over 400% profit.

Tesla has had the first profitable quarter in Q1 of 2013. The company does actually not have to make that many cars to make a profit. Which is good as the global electric car market is still tiny and the Tesla Model S is pricey. Tesla needs to manage to grow just in line with the electric car market and it should continue to do well.

Disclosure: I own Tesla shares.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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