Tesla's shares closed at $23.89 in their first day of trading, a 40% lift from where they were initially priced.
This is great news for Tesla CEO Elon Musk who started the day flat broke (cash-wise).
Elon owns 28 million shares, which means he is now worth $672 million on this stake alone.
source: businessinsider
Tuesday, June 29, 2010
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