Tesla Motors

Tesla Motors’ strong trading debut sparks hopes for electric-car market

Tesla Motors

Elon Musk, the co-founder and CEO of Tesla Motors, told CNBC on Tuesday that the Palo Alto, California-based company’s initial public offering (IPO) received an “incredibly positive outcome from the smartest investors in the world” and raised over $200 million.

Tesla confirms its $42-million payment for shutting NUMMI plant

Tesla confirms its $42-million payment for shutting NUMMI plantAccording to a Thursday confirmation by electric car maker Tesla Motors, the company had paid $42 million for the shuttering of the NUMMI plant – a recently-closed New United Motor Manufacturing factory in Fremont, California.

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