Tesla Motors IPO (TSLA) Trading Above Expectations at $18.13

Tesla Motors Inc.'s initial public offering of shares was trading at Tuesday at $18.13, above market expectations  of $14 to $16 each, according to NASDAQ.

The Bay Area-based electric automaker had hoped to earn $209.7 million if shares sold at $15, with every extra dollar per share worth $11 million to the company, money slated for a planned electric sedan. Shares opened at $17, suggesting a $22 million windfall.

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