The company, known for its $109,000 Roadster, sold 13.3 million shares for $17 each, the source said, raising about $226 million. It raised the number of shares it hoped to sell by 20 percent. It had planned to sell 11.1 million shares for $14 to $16 each.
Reuters reported earlier on Monday that investors were willing to pay $17 a share.
Palo Alto, California-based Tesla is the first U.S. car company to go public since Ford Motor Co made its public debut in 1956. Its debut comes amid growing interest in green technology and battery-powered vehicles, and as major automakers are gearing up to launch electric cars.
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