(Hot Trends article updated with news on the Tesla Motors IPO and Tesla Motors stock movements, and updates from the BP Oil Spill, where Tropical Storm Alex is close to becoming Hurricane Alex.)
NEW YORK (
stock finished its first day of trading at $23.89, after shares opened at a
higher than expected
since its shares became active on the NASDAQ Tuesday morning. Within 40 minutes of the debut around 8.4 million shares of
had changed hands.
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Tesla shares had retreated to below $18 by mid-morning, but then staged a steady comeback, regaining the $19 opening price just prior to 2 p.m., before surging just prior to the closing bell.
and the U.S. Coast Guard have called for a temporary suspension of
oil-spill cleanup efforts
Tropical Storm Alex approaches the Gulf of Mexico
is gaining strength as it continues to move into the warm waters of the gulf and is producing waves as high as 12 feet. The storm is expected to make landfall by Wednesday and become Hurricane Alex near the U.S.-Mexico border.
is still one of the most-searched stories on the Internet Tuesday, as Byrd's death continues to show signs of delaying the passage of
Democratic West Virginia Governor Joe Manchin III will appoint someone to finish Byrd's term, which ends in 2013. However, he is unlikely to do so for several days, making it nearly impossible for Senate Democratic leaders to pass the financial reform legislation by Thursday as they had hoped.
Following Byrd's death, President Obama said in a statement that the Senate "has lost a venerable institution and America has lost a voice of principle and reason."
released on Tuesday its long-awaited PlayStation 3 system update 3.40, which now offers a paid subscription service called PlayStation Plus. The new paid version of the PlayStation Network costs $50 a year and grants players access to additional game content, beta programs and PSP Mini.
The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
-- Reported by Theresa McCabe in Boston.
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