PALO ALTO, Calif. ( TheStreet) -- The price of Tesla ( TSLA) shares may have fallen since cresting above $30 the day after the automaker's IPO, but Tesla cars have been selling well above their list price.
Tesla went public on June 29 at $17 a share and opened at $19 a share. The stock traded as high as $30.42 on June 30, before falling back. Shares closed Tuesday at $18.49, up $1.09, after Tesla said it will deliver electric-car prototypes to partner Toyota ( TM) later this month. -- Written by Ted Reed in Charlotte, N.C.