Jun 29 2010

Tesla Raises $226 Million in 1st U.S. Carmaker IPO in 54 Years

A lot of analysts were bullish on Tesla’s initial stock offering, and a report from Bloomberg proves that the electric car start-up is a buy with the investors of the world. Tesla reportedly raised $226 million with its IPO, or 13.3 million shares at $17 per. The $226 mil total went above and beyond the high-end figure of $16 per share.

[Sources: Bloomberg via BusinessWeek]