Tesla Stock Declines After Succsesful IPO;

Tesla Motors Inc. made substantial headway toward its financing goals at the company's IPO last week. GM, whose Chevy brand can be purchased at a RT 22 Chevy Dealer, will offer an IPO for its new company after the previous company was removed from the stock exchange following a bankruptcy. Manufacturers such as Mazda and Volkswagen whose models can be found at a Pittsburgh Mazda dealer or a Peoria VW dealer are looking to introduce their own hybrid electric models to make gains in the electric vehicle market that Tesla is in.

Tesla sold many more shares than anticipated and the company CEO Elon Musk also made a substantial amount of money at the IPO. The IPO was the first American car manufacturing IPO since Ford's IPO that occurred during the 1950s.The IPO started with stock prices at $17 and ended at $23.83. This was an increase of 41 percent, and Tesla made a total of $226 million at the IPO.

However, Tesla's stock declined to $19.20 last Friday. Experts have said that Tesla's stock trading is expected to be "volatile" as the future for the company is uncertain. Some think that the company could be valued over $10 billion in the future and other investors are not as certain. However, President Barack Obama has made his intentions clear that companies such as Tesla will be supported in order to reduce greenhouse gas emissions and reduce reliance upon foreign oil.

Tesla has made plans to invest gains from investors into product development and technology. Tesla may also be purchasing acquisitions in the upcoming months. Tesla did surprisingly well at its IPO during a period in which other markets were experiencing turmoil. Several other corporations have postponed their own IPOs due to the current problems of the European debt crisis which has decreased the S&P 500 by as much as 14 percent.