Tesla Motors (TSLA) IPO – Electric Car Speeds Past Competition
Tesla Motors has not only placed itself in the history books for creating the first production electric vehicle to be manufactured/sold in North America and Europe, it has become only the second American car company to make an initial public offering.
Tesla Motors stock, which is trading on the Nasdaq under the symbol TSLA, has received an overwhelming amount of attention from investors, thus causing the company to boost the amount of available shares from 11.1 million to 13.3 million. Share price is set at $17 — up from the $14-$16 per share that was originally planned.
I can see part of this craze being a result of Tesla’s new Model S sports sedan, which is priced considerably lower than the Tesla Roadster ($100k+). The Model S will cost around $57,400 and with tax credits (for it being an electric vehicle) the cost will drop down to around $50k; the price of a standard luxury sedan.
For all of you green and techy investors out there: Check out TSLA when you have a chance.
Sincerely,
Aaron Schoenberger
The Brainchild Group
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