PALO ALTO, Calif. (
) -- Electric car company
initial public offering
of 13.3 million common shares was priced at $17 a share, above the offering price of $14 to $16 a share.
Tesla bumped up the number of shares for sale on Monday by about 20% from the original offer of 11.1 million shares.
The shares will begin trading on Nasdaq Tuesday under symbol "TSLA."
Tesla makes the Roadster, a luxury car that sells for more than $100,000. The carmaker has yet to make a profit.
-- Reported by Joseph Woelfel in New York.
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