What is the NASDAQ Clean Edge Green Energy Index? We had no idea it even existed until NASDAQ sent out a release today saying that electric car pioneer Tesla Motors had been added to it (along with smart grid company PowerSecure International and Vicor Corporation, which makes electric system components). Here's how NASDAQ explains the index:
Reuters is reporting that a market source has indicated that Tesla Motors sold 13.3 million shares in its IPO at the unexpectedly-high price of $17 per share. The source states Tesla raised nearly $226 million from the offering. Just yesterday, Tesla hinted at a price range of $14 to $16, but high initial interest in the company allowed Tesla to secure investors that were willing to pay the extra bucks.