This week has been all about Tesla Motors. The electric car company went public on Tuesday and it's initial public offering raised $226.1 million for the start-up.
The stock price opened at $17 (above the originally-announced $14 to $16) and hit $23.89 by the time the market closed. The demand was so high for the stock that the company increased the amount of shares offered from 2.2 million to 13.3 million at the last minute.
Tesla is the first American auto company to go public since Ford in 1956, and although many believe the stock is overvalued (seeing as the company only has one current product and has posted a profit only once since its 2003 founding), it was quite the historical day.
On the heel's of a great IPO, the company has unveiled the latest version of its electric sports car, the Roadster 2.5. The upgrades only appear to be cosmetic ones: a reshaped grille that resembles the upcoming Model S, a diffuser element on the rear bumper, more comfortable seats, a slicker interior finish, better noise-reducing insulation and an optional touch screen navigation system with back-up camera.
The upgrades will likely also be available as retrofits for current owners.
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