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Shares of Tesla Motors Inc. surged in their first day of trading on Tuesday as the company raised more than expected in its initial public offering of stock.

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Shares of Tesla Motors Inc. climbed in their trading debut after the electric car maker’s expanded initial public offering raised more money than expected.

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Tesla Motors Inc. begins selling stock to the public on Tuesday. The sale’s success depends on how much investors are willing to bet on a car company that has never made a profit.

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Toyota said Friday it will recall 17,000 Lexus luxury hybrids after testing showed that fuel can spill during a rear end crash.

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General Motors Co. says it is working with banks and other financial institutions so it can sell and lease more cars to buyers with poor credit.—
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