Wednesday, June 30, 2010

Tesla Motor Now a Publicly Traded Company

Tesla Motors (TSLA), the first company to make production electric cars, went public yesterday, with the shares increasing substantially during the day. Shares were offered at $17 per share and closed at 23.89 yesterday. At the time this is being written, the shares are up again today. Goldman, Sachs & Co. (GS), Morgan Stanley (MS), J.P. Morgan (JPM) and Deutsche Bank Securities (DB) were the lead underwriters.

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