Tesla Motors raises $226 million in IPO

Electric car manufacturer Tesla Motors is now trading on Nasdaq under the symbol TSLA. The company raised $226 million by selling 13.3 million shares at $17 per share. Initial valuation after the IPO was $1.33 billion.

Yesterday the stock debuted at $19, above the $17 a share offer price, and last traded at $21.49.

Tesla currently sells only the $109,000 electric Roadster, and is also taking pre-orders for the electric Model S sedan.

The Model S will be sold for $57,400, and is expected to hit the market n 2012. Tesla plans to produce 20,000 units a year and has more models planned based on the same platform.

Pictured below is the Roadster Sport and Model S.