We touched on the issue of the first day of Tesla Motors TSLA IPO earlier this evening, so we thought we would take another look now that Nasdaq has come to a close. The first day of trading was seen as a huge success for the company, the main reason being that its starting point was much higher than expected.
The starting price was $19 to $21.89, that’s 30 percent higher than the $17 estimate last night. Value of Tesla Motors now stands at $2 billion – not bad for a company that makes just two vehicles, the Roadster and the Roadster Sport. However, we recently reported that other models are coming.
There were fears that the all-electric car company was going to get off to a poor start, but it seems that the A-list Hollywood showing at the recent roadshow did the image of the company a whole load of good. Something has to have worked for them – considering the rest of the market was pretty poor.
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