Tesla Posts 2nd-Biggest IPO Gain This Year

July 1, 2010 Categorized under Auto News - No Comment

Tesla IPO: Electric-car maker’s stock up 41 percent in debut
SAN JOSE — On a day when the stock market tanked, Tesla Motors beat even the most bullish of expectations. The electric car company’s stock shot up 41 percent Tuesday in its first day of public trading, the second-best start of an IPO this year.

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Tesla stock shifts slightly lower on second day of trading
A day after Tesla Motors’ debut on the Nasdaq, the Palo Alto electric-car maker’s stock motored higher again Wednesday, climbing as high as $30.42, then shifted into reverse to close at $23.83, down 6 cents, or 0.3 percent.

Read more on San Jose Mercury News

Tesla ends slightly down in wild second day ride
SAN FRANCISCO (MarketWatch) — Tesla Motors shares hung on to most of their gains Wednesday, giving back just 6 cents from its debut to close at $23.83. It was a wild second day of trading, in which shares of the Silicon Valley electric car maker spiked 27% at one point in the session. The stock debuted Tuesday, popping 41%, marking one of the largest first day gains so far this year for an IPO …

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Tesla Posts 2nd-Biggest IPO Gain This Year
Tesla Motors, the electric-car maker that hasn’t posted a profit, advanced 41% after the first IPO of a U.S. automaker in 50 years

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