By David Thomas on June 29, 2010
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 — and its president — 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)
Managing Editor David Thomas has a thing for wagons and owns a 2010 Subaru Outback and a 2005 Volkswagen Passat wagon. Email David