Tesla IPO raises $226m, stock surges 40%

[Sam Fraser]

The first day of trading for the first American auto manufacturer to go public since Ford did in 1956 ended with a bang. After selling 13.3 million shares at 17 bucks a pop for a $226 million haul, Tesla’s stock surged steadily over the day to close up more than 40% at $23.89 per share.

http://gas2.org/2010/06/29/tesla-raises-226-million-in-ipo-stock-gains-40-on-first-day/

If you don't know who's behind Telsa, hang your head in shame. :rolleyes:

[sgeos]

Tesla Motors (http://www.teslamotors.com/) has an interesting Wikipedia article (http://en.wikipedia.org/wiki/Tesla_Motors).

A person can actually "win" capitalism by doing something that improves the quality of life for many people, demonstrating their usefulness to humanity. After "winning", this person will be fabulously wealthy to the extent they never need to worry about their material needs again. Furthermore, this person can have fun with their winnings by doing even more wonderful things for mankind. Capitalism is utterly fantastic.

[Sam Fraser]

"Capitalism" is a loaded term coined by Karl Marx. I prefer "free enterprise" myself. It seems coded into our genes to want to own stuff and trade stuff.

[Sam Fraser]

Stock price has been as high as $36 or so, now trading around $24.

http://www.nasdaq.com/aspx/dynamic_charting.aspx?selected=TSLA&symbol=TSLA&timeframe=1y&charttype=line

[moonus111]

Go Elon GO!