SAN FRANCISCO (Reuters) - Electric carmaker Tesla Motors Inc priced shares in its initial public offering above the expected range on Monday, according to a market source.
The company, known for its $109,000 Roadster, sold 13.3 million shares for $17 each, the source said, raising about $226 million. It raised the number of shares it hoped to sell by 20 percent. It had planned to sell 11.1 million shares for $14 to $16 each.
