Tesla was able to raise over $226 million in their initial IPO of 11 million shares.  Tesla, which will use the ticker symbol of TSLA, expected share price to come in at $14-16 per share but the initial interest in the stock drove the price up to over $17 per share.  In response Tesla plans [...]

According to AllCarsElectric: Bugatti, the automaker that gave us the Veyron–the world’s fastest and most expensive series production car–may be set to revolutionize the car industry once again. Bugatti’s engineers are now experimenting with an electric powertrain that can deliver 800 HP.Benefiting from the experience of engineers within Volkswagen Group’s Audi unit, who also created the [...]