As we reported yesterday, Tesla bumped up the number of shares available during its initial public offering by 20 percent before today's sale -- but that wasn't the end of good news for the money-losing maker of premium electric sports cars. The 13.3 million available shares, which were expected to sell for $14 to $16, were bumped up and at the last minute were offered -- then sold -- at a higher price, going for $17 per. That means that Elon Musk's baby netted $13 million more, at $226 million, than the $213 million the company was projected to raise. According to the Securities and Exchange Commission filing, Tesla plans to use the cash infusion to pay for factories and, possibly, acquisitions.
Tesla began trading today on the Nasdaq under the ticker symbol TSLA, with early afternoon prices for the company holding at around $18.40.
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