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Summary:

Today marks history for the fledgling electric car industry with the public market debut of high-profile startup Tesla Motors. The IPO for Tesla, which is backed by intrepid entrepreneur and PayPal founder Elon Musk, is the first for a U.S. car company since Ford Motor in […]

Today marks history for the fledgling electric car industry with the public market debut of high-profile startup Tesla Motors. The IPO for Tesla, which is backed by intrepid entrepreneur and PayPal founder Elon Musk, is the first for a U.S. car company since Ford Motor in the 1950’s.

Although the startup likely won’t make any kind of profits until 20121 (updated), when it starts selling its next-gen EV the Model S, Tesla’s shares were priced at $17 each, above the expected $14-$16 range, raising $226 million. And that was after the number of shares being sold were increased by 20 percent. At $17 a share, Tesla founder and CEO (and by far the company’s largest shareholder) Elon Musk’s cut is worth $481.1 million (28.3 million shares, and 35.62 percent of the company).

Tesla shares opened on the Nasdaq this morning at $19; the stock is trading under the ticker “TSLA.”

Here’s what you need to know about Tesla’s IPO:

Who Wins in the Tesla IPO

Tesla IPO: What It Means for the Green Car Biz

Toyota Deal Not a Silver Bullet for Tesla’s Mass Market Goals

What the Toyota Deal Could Mean for Tesla’s IPO

Tesla IPO: 12 Things You Should Know

Tesla’s Betting the Farm on the Model S

What A Successful Tesla IPO Would Mean: Branding is Everything

Tesla IPO: A Test for the VC Model in the Auto Biz

  1. [...] Palo Alto, Calif. headquarters, complete with factory and lab space, that the company, flush with its IPO proceeds, is spending a whole lot of money ramping up staff and developing the next-generation technology [...]

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