Today TSLA has hit the market through an initial public offering (IPO). The news announced the explosive debut of Tesla Motors Inc stock.

 

The IPO is currently priced at $17 per share. However prior to the IPO TSLA estimated that each share would be between $14 and $16. Additionally, the company lifted the number of shares offered from 11.1 million to 13.3 million.
 
TSLA has already raised $783 million in venture capital and government loans and it is hoped that it might raise roughly $226 million in capital via the IPO. Tesla is the first American automaker to debut on a major exchange since Ford Motor in 1956.

The net proceeds from the offering and the concurrent private placement will be used for the development of TSLA's Model S and planned Model S manufacturing facility. Tesla’s electronic vehicle has been the first to be federally-approved vehicles that appeals to the environmentally-friendly sect.
 
Tesla has sold less than 1,100 of its Roadster models and aims at selling 10 per week. Without future growth potential, it doesn’t seem like a great value for shareholders.

However before making any investments, one must keep in mind that Tesla has yet to turn a profit, since its 2003 inception, and is seeping into the competitive market amidst some serious global economic challengers.