On what date did Tesla, Inc. hold its initial public offering on Nasdaq?
Answer
June 29, 2010
Tesla, Inc. held its initial public offering on Nasdaq on June 29, 2010.
The company offered 13.3 million shares at $17 per share, raising approximately $226 million. Tesla traded under the ticker symbol TSLA, which it still uses on Nasdaq.
The IPO was notable because Tesla became the first American automaker to go public since Ford Motor Company in 1956. At the time, Tesla was best known for developing the Roadster, its battery-electric sports car based on a Lotus Elise glider.
A common mix-up is the IPO date and Tesla’s stock-market debut price: June 29, 2010, is the offering date, while $17 is the initial share price. Tesla later completed stock splits, so historical prices may appear different on modern financial charts.