Tesla prices public offer at $17

Tesla Motors, a manufacturer of electric vehicles and electric vehicle powertrain components, has announced its initial public offering of 13.3 million shares of its common stock at a price of $17 per share.

The shares have already begun trading on the Nasdaq global select market under the ticker symbol 'TSLA'. Of the shares in the offering, 11.88 million shares are being offered by the company and 1.42 million shares are being offered by selling stockholders.

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