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.
Electric car company Tesla raises over $226 million in IPO
Updated Dec 19th, 2018 6:42PM EST
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