Tesla Raises More than $226 Million from IPO with Shares at $17

Tesla Raises More than \$226 Million from IPO with Shares at \$17

\nTesla Motors will begin offering shares to the public for the first time ever today. Although the company has lost \$260.7 million since its birth, investors remain optimistic about electric car company.\n\nTesla Motors will start trading today on Nasdaq under the symbol TSLA with shares priced at \$17 bucks, which is more than the initial \$14 to \$16 range. This has allowed Tesla to raise more than \$226 million.\n\nTesla has sold more than 1,000 roadsters, but much of the excitement surrounds the upcoming introduction of the Model S sedan that is slated to go on sale in 2012. Until the Model S is released it is expected that Tesla will continue to lose money.