Carmaker Tesla’s stock zooms 40 percent on first day

According to Reuters, “Electric carmaker Tesla Motors Corp’s initial public offering zoomed ahead on Tuesday with shares rallying more than 40 percent as investors bet that electric cars would define the future of transportation. Tesla’s shining debut came despite weakness in the broad market and as other auto stocks were hit by concerns of a [...]

Solyndra withdraws IPO

According to the press release, “Solyndra, Inc. today announced that it has entered into an agreement for the sale of secured convertible promissory notes to certain of its existing investors in an aggregate principal amount of $175 million in a private placement.  Proceeds from the sales of such notes will be used to fund the [...]