Tesla Raises Shocking Amount in Nasdaq Debut

For all its ambitions to revolutionize the electric car industry, Tesla Motors has only posted a profit once, back in July 2009. It has released just one car (the Roadster), and sells 10 vehicles per week. And yet Tesla's first day of public trading on the stock market has been an indisputable success. Tesla Motors stock zoomed to $25 a share on its first day of trading, closing at $23.89, a fat 40.5% increase from its $17 offer price. The performance is remarkable given the otherwise...