UPDATE 3-Carmaker Tesla's stock zooms 40 pct on first day

Newswire

* Carmaker's stock defies weakness in the broad market * Tesla now has $2.22 billion market cap * CEO Elon Musk's stake worth more than $650 mln * Tesla first carmaker to have IPO since Ford's 1956 debut * Tesla not expecting profits until at least 2012 (Updates share prices, adds details on shareholders, comparison with other auto deals, other background) By Jonathan Spicer and Poornima Gupta NEW YORK/SAN FRANCISCO, June 29 (Reuters) - Electric carmaker Tesla Motors Corp's ...

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