Strong Tesla IPO Opening Raises Hopes for Electric Car Market


Since its founding in 2003, luxury automaker Tesla Motors has not at all turned a profit. Its charismatic founder lately ran out of cash. It has sold less than 1,500 vehicles.

Yet in a burst of eagerness for electric cars, investors are saluting the company's prediction, raising more than $200 million at its initial public offering
Monday and, on its first day of trading Tuesday, sending share prices up once more from $17 to $23.89.


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