Photo: Michael Graham Richard A Quarter Billion of Cash Money for Tesla Electric car maker Tesla Motors had its initial public offering (IPO) today and ended up selling 13.3 million shares of common stock, 20% more than first expected, at a price of $17, also higher than the expected range of $14-16. This should mean an infusion of about $226 million for Tesla, a much needed cash pile that will no doubt mostly be used to invest in the company’s second electric car, the
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Tesla Motors Expands IPO to 13.3m shares, Could Raise $226m
