2 posts and columns on car company

Tesla IPO Firing on All Cylinders Batteries [UPDATED]

in News on June 29, 2010 at 2:12 pm PT

Tesla Motors went public today in the first IPO from an American car company since Ford’s in 1956. And already, its stock appears to have attracted a cult following. Floated with an initial offering price of $17, Tesla shares opened at $19 and closed at $23.89–up $6.89, or 40.5 percent.

Tesla Foiled

in News on October 17, 2008 at 4:42 am PT

While $25 billion in low-cost federal loans keeps General Motors, Ford and Chrysler churning out SUVs through the econalypse, the wheels are coming off cleantech car company Tesla Motors. Without access to the same sorts of loans given its Detroit colleagues, the country’s leading electric car maker is delaying production of its Model S sedan, sacking an unspecified number of employees and shuttering two offices.