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Tesla Motors Goes Public, Has Strong First Trading Day

Shares of Tesla Motors Inc., an innovative electric-car maker, began trading today on the Nasdaq under the ticker symbol TSLA. At first glance, it may be surprising TSLA finished the day up some 40 percent: the Palo Atlo, California-based company has just one vehicle model currently in production; it has produced a net lost of $290.2 million since its founding in 2003; and there's no guarantee the firm will get out of the red until 2012.

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