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Tesla Motors (TSLA) IPO: Stock Price Above Expectations

We mentioned yesterday that Tesla Motors Inc.’s was to float on the stock market; we can now tell you that this has taken place and their name is under TSLA. It had been assumed that their IPO would be higher than expectations — and analysts were right.

Matt Jarzemsky from Dow Jones Newswires has said on WSJ that shares were thought to sell for $14 to $16 each, but the actual initial public offering was $17 per share — with 13.3 million being made available. Tesla now hopes that they will be able to attract investors looking for greener vehicles — although the high price of their vehicles have put customers off, so investors could see this as a bad opportunity.

After TSLA shares go up for offer there will still be 93 million left, these could go up for sale at a later date. Tesla has now been selling its electric Roadster for two years now, but a lack of models has affected sales.

However, we recently reported that the company is to launch a whole new range all based on the same platform as the Roadster. Once they can do this then we should see healthy sales of the all-electric vehicles.

Written by Peter Chubb

Peter has been writing on Product-Reviews since 2007 and in that time much has changed for him, like his hair having more grey than brown now. He loves gadgets and cars, and gets excited when big events come up, such as CES and the big auto shows.

Contact Peter Chubb: peter@product-reviews.net

He started out working in a factory and dreamed of the day when he could become his own boss; That happened back in 2002 and he has never looked back since. Things have changed so much on the Internet in that time, but he has adapted well.

Contact Peter Chubb: peter@product-reviews.net

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