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Research News: Finance

Tesla IPO: Electric-car maker's stock rises in debut

Tuesday, June 29, 2010   (0 Comments)
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Tesla Motors began publicly trading its stock Tuesday, opening at $19 a share on its first official day on the Nasdaq.

It marks an incredible debut for an electric-car company that has yet to turn a profit, and the debut was above the $17 offer price for the highly anticipated IPO.

Though the stock market tumbled Wednesday, Tesla opened at $19 a share and in recent trades has settled in at about $18.

Full Story from the Silicon Valley Mercury News

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