Which electric car maker went public in 2010?
Answer
Tesla
Which electric car maker went public in 2010? The answer is Tesla.
Tesla Motors went public on June 29, 2010, in an initial public offering on the NASDAQ. It issued 13.3 million common shares at $17 each and raised about $226 million. Tesla was the first American automobile manufacturer to launch an IPO since Ford went public in 1956.
The listing came while Tesla was still a young company built around its battery-electric Roadster, which had entered production in 2008. The IPO helped fund development of the Model S and expansion of manufacturing. Around the same time, Toyota invested in Tesla and worked with it on electric-vehicle technology and production.
Tesla’s NASDAQ ticker is TSLA, not the company name itself. Rivian, Lucid, and NIO also became prominent public electric-vehicle companies, but their listings occurred later or on different exchanges.