P&A Providers & Administrators
MenuMENU
SearchSEARCH

Tesla Boosts the Size of IPO

June 30, 2010
2 min to read


Electric-car maker Tesla Motors Inc. increased the size of its initial public offering and priced it at $17 a share, above the proposed price range, on Monday night, The Wall Street Journal reported.


The offering, expected to appeal to both clean-energy investors and car geeks, bucks a recent trend of companies cutting the size of IPO plans because of stock-market volatility. Others haven't been able to complete efforts and shelved deals.

Ad Loading...


Tesla and existing shareholders will offer a combined 13.3 million shares, according to a Securities and Exchange Commission filing. At $17 a share, it could raise as much as $226.1 million in the sale. The proposed price range had been $14 to $16 a share.


The company previously had said it could sell as many as 11.1 million shares, putting the IPO's value at as much as $178 million, prior to any use of the overallotment option, which would add nearly 1.7 million shares, or more than $27 million at the top price.


In the event of strong demand, the enlarged offering could be increased by nearly two million shares, according to the filing. The additional shares would come from the selling shareholders.


Under the new terms, there will be 11.9 million shares coming from the company and the rest from current owners. Tesla had projected selling up to 10.6 million shares.


Teslais still the only company selling highway-capable electric vehicles to consumers in volume. It said it has sold 1,063 Roadsters as of March 31 and has unfilled reservations for 110.The Roadster sells for $109,000, or $101,500 after federal tax credits. The Roadster Sport edition costs an extra $19,500. Some states offer additional consumer-tax breaks for buying an electric car, topping out as much as $42,000 in Colorado.

Ad Loading...


Last month, Tesla said its first-quarter loss widened to $29.5 million from $16 million a year earlier. Revenue was roughly flat at $20.8 million.

More Industry

Orange electric vehicle charging station.
Industry•by Lauren Lawrence•October 20, 2026

Charger Network Growth Slows

Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.

Read More →
Fan of $100 bills atop a white envelope
Industry•by Hannah Mitchell•October 13, 2026

Lenders, Consumers Take on More Auto Loan Risk

September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.

Read More →
Red type R Honda civic parked on road.
Industry•by Lauren Lawrence•October 13, 2026

Next-Gen Hybrids in Sight

Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.

Read More →
Ad Loading...
Dodge ram emblem on orange vehicle exterior
Industry•by Hannah Mitchell•October 6, 2026

Gem State Stores Change Hands

A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.

Read More →
Graphic of model car driving on fake road.
Industry•by Lauren Lawrence•October 6, 2026

Charging In Motion

Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.

Read More →
front grill of a Ford truck with blue Ford emblem
Industry•by Lauren Lawrence•September 30, 2026

Twin Cities Stores Sell

Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.

Read More →
Ad Loading...
Diesel engine on a production line in a factory
Industry•by Hannah Mitchell•September 29, 2026

U.S. Auto Sales Still Below Prepandemic Levels

Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.

Read More →
Front of red tesla car.
Industry•by Lauren Lawrence•September 22, 2026

The Powertrain Shift

Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.

Read More →
White BMW SUV driving on road.
Industry•by Hannah Mitchell•September 15, 2026

Achromatic Autos

The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.

Read More →
Ad Loading...
Line of eclipse SUVs in parking lot.
Industry•by Lauren Lawrence•September 15, 2026

Used-Vehicle Affordability Worsens

Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.

Read More →