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Filed under: EV/Plug-in, Tesla Motors, USA



We can safely say very few people saw this one coming. By the close of trading today, Tesla stock was trading at $23.89 - up a hefty 40.53 percent from the stock's IPO price of just $17. If that's not surprising enough for you, how about this little gem: overall trading on NASDAQ was down by 3.85 percent today, meaning Tesla bucked the market trend for its first day as a publically traded company. This means that today, the company's 13.3 million publically traded shares are worth around $317.7 million, up from $226 million this morning.



Of course, a lot can change from one day to the next, and the real proof of how well Tesla fares will be over the next few months. With the Model S still well out on the horizon and the days of the Roadster numbered, the company may face mounting skepticism as it moves toward the future.



[Source: USA Today, Scottrade]

Photo by Brad Wood / Copyright (C)2010 Weblogs, Inc.

Tesla shares now trading 40% higher than IPO price originally appeared on Autoblog Green on Tue, 29 Jun 2010 17:59:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

Tags: Elon Musk, ElonMusk, Tesla, Tesla Model S, Tesla Motors, Tesla Motors IPO, Tesla Roadster, TeslaModelS, TeslaMotors, TeslaMotorsIpo, TeslaRoadster

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Tesla shares now trading 40% higher than IPO price was originally published by AutoblogGreen. Read the full story by clicking here.