SAN FRANCISCO — Pick your preferred automotive metaphor: Tesla Motors “zoomed” or “burned rubber” in its highly anticipated initial public offering today.

The first automotive company to go public in 50 years, Tesla raised $202 million. Shares were priced at a higher than expected $17. Trading under the ticker symbol TSLA, the shares closed at $23.89 on the Nasdaq today.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]