Electric car company Tesla raises over $226 million in IPO

General

Tesla Motors

As of yesterday, no American car company had gone public since Henry Ford put his family business on the on the U.S. stock exchange back in 1956. Today, Tesla Motors (TSLA) — in an IPO — sold over 13.3 million shares of stock on the NASDAQ exchange totaling $226.1 million. The all-electric car maker’s mission is simply to “sell high performance, super efficient electric cars.” Tesla uses some pretty impressive technology to manage, store and harness the electric charge stored in the cars batteries. The company should have their first mass production model — The Model S — rolling off the assembly line this year. The company’s stock closed just south of $24.

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12 Comments
  • Jeff Goldberg

    When can I start shorting the stock?

    • Erphan

      lol … since it’s America, I wouldn’t say too long.

  • Mike

    I’ve been following them for a while. They make some really sweet cars.

    • http://www.carfinderservice.com/ Nancy Stewarts

      Yes, I agree with you Mike, they make great cars. If you want to Find Auto just give a try to have a unit from them.

  • dad

    What was the initial public offering amount?

    • Mike

      Today, Tesla Motors (TSLA) — in an IPO — sold over 13.3 million shares of stock on the NASDAQ exchange totaling $226.1 million.

  • SupAll

    High performance, super efficient electric cars? Does this mean they will cost an arm and a leg?

    • Mike

      $50k for 4 door
      $100k for 2 door
      More “entry-level” models in the future.

      • Carbon

        Shouldn’t less doors cost you less??? 8)

  • http://www.maemo-freak.com christexaport

    They will be very successful, and BMW may be able to add to them if they are willing. Both are looking for partners. If the future is electric, maybe BMW can focus here.

    Tesla is the biz on electric cars…

  • http://facebook.com/xiv92 XiV92 Unltd.

    Might have to look into buying stock in Tesla. . .

  • http://alghienkad06.student.ipb.ac.id thea

    cool

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