Electric Car

The stock price for Tesla Motors jumped 41% in its market debut.  Tesla is the manufacturer of electric cars and is the first American auto maker to go public in over fifty years. www.marketwatch.com/story/tesla-motors-ipo-opens Certainly the ongoing travesty with the BP oil rig plays a part in the public reception of the new company. For others, “Tesla’s IPO harkens back to Silicon Valley’s Internet bubble in the late 1990s, when retail investors snapped up shares in brand-new tech companies with no track record of making any money”. I’d like to be an optimist here for a minute.  Although I’m aware that with current technologies, the market for electric cars is very small, the image of thousands of gallons of gushing oil a day makes me fervently wish for unparalleled success for this company.

By Myron Gushlak