Were You Ready For This Ride? Tesla Stock Skyrockets Over 40% In First Day Of Trading!

The Nasdaq is closed, and Tesla Motors (TSLA) is ending its first day on the market at $23.89 a share, a 40.5 percent increase over the $17 pricing it announced last night. This is a rock star showing for the electric car company, which has exceeded expectations that were already sky high.

The closing price point pushes Tesla’s valuation to $2.2 billion, beating the company’s original goal of $1.4 billion by a long long shot.





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quizz - 6/30/2010 11:50:32 AM

+3 Boost

Crazy. Tesla does not have long term prospects that justify this valuation. There's simply not enough demand for their cars to create the profitability necessary. I just don't see premium electric cars replacing Porsches/BMWs any time soon.

uaw_lax - 6/30/2010 12:20:46 PM

+1 Boost

Agreed Tesla dose not even have a factory in place no real number of cars on the road making it almost imposable to gauge there quality fit and finish once they start mass production.

Joe_Limon - 6/30/2010 11:59:09 PM

+1 Boost

sell sell sell sell! lol

http://finance.yahoo.com/echarts?s=TSLA+Interactive#chart2:symbol=tsla;range=5d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined