Tesla Motors IPO Rocks, Trading 23% Above Initial Share Price

Posted: Jun 29 2010, 1:35pm CDT | by , Updated: Aug 12 2010, 12:07am CDT, in News | Technology News

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The IPO of electric car company Tesla Motors is very successful so far. The already upped $17 per share initial pricing of a TSLA share is currently trading up 23%.
Considering the empty IPO market and the still recovering economy this is pretty amazing.

Shares of Tesla currently trade at close to $21 on NASDAQ.
As mentioned in our earlier report, the Tesla Motors is the first U.S. car company to go public since Ford in 1956.

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.

MarketWatch reports that Tesla's IPO raised interest even in the middle east oil nations.

Tesla Motors is doing a great job in giving electric cars a cool image. I have seen the Tesla Roadster in person and the silent Porsche like acceleration is really awesome.
It is great to see that their IPO is successful. Electric cars are most likely the future. We just have to figure out how to make enough clean and green electricity.

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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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