Tesla IPO Firing on All Cylinders Batteries [UPDATED]

Tesla Motors went public today in the first IPO from an American car company since Ford’s in 1956. And already, its stock appears to have attracted a cult following. Floated with an initial offering price of $17, Tesla shares opened at $19 and closed at $23.89–up $6.89, or 40.5 percent.

Who Shot Valleywag? Gossip Bloggers Thomas (Outgoing) and Tate (Incoming) Speak!

Was it Facebook COO Sheryl Sandberg in Fraiche Yogurt with a Macbook Air? Or Tesla CEO Elon Musk on the streets of San Francisco with a Model S? Or, most likely of all, Marissa Mayer of Google in the penthouse with a Manolo Blahnik spiked heel? For all the invective this trio has taken from him, all would certainly be prime suspects if some nefarious fate befell Valleywag’s always controversial gossip blogger, Owen Thomas. Actually, the truth is a little more mundane: The self-described “scourge of [Silicon] Valley” is moving onto another digital job as head of NBC Universal’s new Bay Area Web site, whose motto is “Locals Only.” Deceptively fresh-faced Ryan Tate is his replacement. Here are Thomas’s last words on the controversial gossip site.
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Tesla Foiled

While $25 billion in low-cost federal loans keeps General Motors, Ford and Chrysler churning out SUVs through the econalypse, the wheels are coming off cleantech car company Tesla Motors. Without access to the same sorts of loans given its Detroit colleagues, the country’s leading electric car maker is delaying production of its Model S sedan, sacking an unspecified number of employees and shuttering two offices.