Tesla Motors (TSLA) zoomed out of the gate Tuesday, closing at $23.89 per share, 40.5% above its $17 offer price on its first day of public trading.This closely watched IPO was a success, especially in a day filled with broader market turmoil.
It was just a couple of weeks ago that Tesla raised its offering to 11.1 million shares, hoping to bring in $178 million. Investors are apparently really excited about this thing.
"Demand from investors appears to be outstripping concerns that Tesla has lost money since its inception and that it offers just one model for now, the wallet- and passenger-unfriendly Roadster," writes The New York Times.
"Demand from investors appears to be outstripping concerns that Tesla has lost money since its inception and that it offers just one model for now, the wallet- and passenger-unfriendly Roadster," writes The New York Times.
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