Tesla Motors, which manufactures high-performance electric vehicles and powertrain components, raised the proposed deal size for its upcoming IPO on Monday. The Palo Alto, CA-based company now plans to raise $200 million by offering 13.3 million shares at a price range of $14.00 to $16.00. The company had previously filed to offer 11.1 million shares at a range of $14.00 to $16.00. At the mid-point of the revised range, Tesla Motors will raise 20% greater gross proceeds than previously anticipated. Tesla Motors, which was founded in 2003 and booked $112 million in sales over the last 12 months, plans to list on the NASDAQ under the symbol TSLA. Goldman, Sachs & Co., Morgan Stanley, J.P. Morgan and Deutsche Bank are the lead underwriters on the deal, which is expected to price later tonight.
