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Tesla IPO Raises $226 Million

June 29th, 2010 06:34 admin Leave a comment Go to comments

An anonymous reader writes “Tesla, which will trade under TSLA on Nasdaq, has been priced at $17 per share, allowing the electric car start-up to raise more than $226 million in its IPO. Investors were expecting the share price target range to be between $14 and $16 but the overflow of excitement saw Tesla increase the number of shares it plans to offer to 13.3 million, nearly 20 percent more than originally planned.” Reader hlovy contributes a link from Xconomy.com summarizing the skepticism among some analysts as to how much staying power TSLA will demonstrate.

Source: Tesla IPO Raises $226 Million

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