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Tesla Motors shares surge in 1st day of trading

Yahoo: "Shares of Tesla Motors Inc. gained more than 40 percent in their public trading debut on Tuesday after the electric car manufacturer raised more money than expected in its initial stock offering.

Investors snapped up Tesla's shares even as the broader markets took a beating. The stock soared $6.89, or 40.5 percent from its offering price, to close at $23.89 -- marking the second-biggest first-day gain among initial public offerings this year. Tesla's performance was a feat in a sour market that has forced many companies looking to raise funds through IPOs to accept lower prices to get deals done."

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finance.yahoo.com
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