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Model S, and Model X (2010–2015)
In May 2010, Tesla purchased the NUMMI plant in Fremont, California, from Toyota for $42 million.[31] On June 29, 2010, the company went public via an initial public offering (IPO), the first American car company to do so since the Ford Motor Company had its IPO in 1956. The company issued 13.3 million shares of common stock at a price of $17 per share at its opening on the NASDAQ, raising $226 million.
In October 2010, Tesla opened the Tesla Factory to start production of the Model S. In January 2012, Tesla ceased production of the Roadster, and in June 2012, the company launched its second car, the Model S luxury sedan. The Model S won several automotive awards during 2012 and 2013, including the 2013 Motor Trend Car of the Year,[36] and became the first electric car to top the monthly sales ranking of a country, when it topped the Norwegian new car sales list in September 2013.The Model S was also the best-selling plug-in electric car worldwide for the years 2015 and 2016.
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