Tesla IPO Raises $226 Million

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.

Comments

Re:That Kramer guy...

[Lunix Nutcase]

Kramer? Is he the one who's going to have me strung upside-down with a fork in my ass?

Re:pessimism about EV cars or Tesla as a company?

[fiannaFailMan]

Hi Google. Boeing. Ford.

Google was far from the first search engine, there were plenty of competitors before it in the days when the web was hard to search.

Ford didn't pioneer cars, but it did pioneer mass production.

Boeing? Well they were founded in the early days of aviation, I suppose you might have something there.