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To: Jeff Jordan who wrote (407475)6/29/2010 1:42:04 PM
From: onlygold1  Read Replies (1) | Respond to of 436258
 
With an issue of 11.88 million shares, Tesla's initial public offering raised $202 million while Chief Executive Officer Elon Musk parted with more than 900,000 privately owned shares, reaping $15.3 million on the day. And additional 500,000 privately held shares were sold, MarketWatch said.

Musk also intends to hold onto 28 percent of the company. In addition, Tesla is selling $50 million in shares to Toyota Motor Corp. following the IPO.