2010 Tesla Motors Roaster
Update: The Tesla IPO proved to be a hot one, with the stock (NASDAQ:TSLA) rallying up to close 40.53-percent above its debuting price of $18.61 to $23.89 per share, topping out with a ceiling of $24.76 in intraday trading.
The California-based electric carmaker, Tesla Motors, has raised $226.1-million in capital, according to a SEC filing, following an initial public offering.
The company confirmed it took 13.3-million shares at $17 per share to raise the total amount of capital that will be used by the company to finance operations, production, and future acquisitions.
Tesla Motors did not disclose information relating to which firms the company could acquire in the future.
The initial stock price could be construed as high given the company has never produced any free cash flows in its history since the company was founded in 2003.