Tesla Stock Price Holds Steady After IPO

By David Thomas  on June 29, 2010

https://www.cstatic-images.com/stock/765x765/34/-265378323-1425510147634.

It’s been more than 50 years since an American automaker had an initial public offering on a U.S. stock exchange. Earlier today, Tesla broke that barrier, and despite warnings from many analysts about the risky finances of the company β€” and its president β€” the stock has been holding steady at just over $18 after dropping from its $19 opening price to $17.50 almost immediately. The stock price was originally slated for $14-$16.

Electric-car Maker Tesla Opens Strong After IPO (Los Angeles Times)

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Managing Editor David Thomas has a thing for wagons and owns a 2010 Subaru Outback and a 2005 Volkswagen Passat wagon.  Email David


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