Business
Before SpaceX Trades, a Look Back at Tesla’s IPO
How SpaceX shares will trade today is anyone’s guess. But here’s a fun—if imperfect—guidepost: Tesla’s IPO.
Tesla debuted on Nasdaq nearly 16 years ago. Back then, the company was still a fledgling electric-vehicle maker and Elon Musk was far from a household name.
The stock jumped roughly 40% higher on its first day of trading, only to slip below its IPO price within a few days. The years that followed brought mostly good times for investors, with periodic pullbacks making for a wild ride.
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