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All of the  talk about its limited market and failure to post a profit hasn't taken any of the oomph out of Tesla Motors' initial public offering bid.

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Tesla Motors has sold about 1,100 of its battery-electric Roadster models and plans to launch an electric sedan in 2012.
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Indeed, the company - slated to debut Tuesday on Wall Street - has just announced a 20 percent increase in the planned share offering, a pretty good sign that it is seeing more, not less, interest from potential investors.


The new Tesla IPO plan calls for the Silicon Valley-based electric car maker to offer 13.3 million shares at between $14 and $16 per share.  Firm pricing is expected to be announced later today.


The revised stock offering is up from 11.1 million shares and would raise between $186 million and $212.8 million for Tesla.


Additionally, selling shareholders such as company CEO and majority owner Elon Musk are offering 1.42 million of their own shares in the Tesla stock offering, worth $19.9 million to $22.7 million.


Musk has been boosting Tesla as a technology play rather than an automaker investment - a tactic aimed at calming concerns among a mostly tech-heavy investment pool over analysts' cautions - our own among them - that the company is a small, inexperienced and unproven player in the rough-and-tumble automotive segment.


Tesla shares are scheduled to begin trading on the Nasdaq exchange under the ticker symbol "TSLA."

Tags: Plug-ins and Electric, Tesla, Tesla IPO, Tesla Motors, Tesla Public Offering, Tesla Stock Offering

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Tesla Boosts IPO Shares by 20 Percent, Aims to Raise $200-Million Plus was originally published by Green Car Advisor. Read the full story by clicking here.