Tesla IPO Is Today Priced At $17 Per Share

Posted: Jun 29 2010, 7:30am CDT | by , Updated: Aug 12 2010, 12:06am CDT, in News | Technology News

 
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Tesla Motors is going public today. Back in February Tesla Motors filed the S1 document and as things stand is making a successful IPO today.
Tesla Motors will offer 13,300,000 shares of its common stock at a price to the public of $17.00 per share.

The Tesla Motors shares will be begin trading today at the NASDAQ under the ticker TSLA.

IPOs are still very rare these days. On top of that Tesla is the first U.S. car company to go public since 50 years. The last one was Ford in 1956 (via WSJ).

Tesla Motors made big waves around the globe with their Roadster. It is an impressive and fun electric sports car that is too expensive for most, but it generated a lot of attention. The next Tesla is aimed at a broader segment of car buyers. The Tesla Model S sedan is supposed to be released in 2012 starting at $50k.

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<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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