Tesla Motors will begin offering shares to the public for the first time ever today. Although the company has lost $260.7 million since its birth, investors remain optimistic about electric car company.
Tesla Motors will start trading today on Nasdaq under the symbol TSLA with shares priced at $17 bucks, which is more than the initial $14 to $16 range. This has allowed Tesla to raise more than $226 million.
Tesla has sold more than 1,000 roadsters, but much of the excitement surrounds the upcoming introduction of the Model S sedan that is slated to go on sale in 2012. Until the Model S is released it is expected that Tesla will continue to lose money.