Tesla Sets IPO Terms: $185 Million, with Help from Toyota

Tesla Motors, apparently unaffected by rumors of CEO Elon Musk's money woes, has announced it's set terms for its IPO at $185 million--through a public share deal and private purchase by Toyota. Tesla's predicted to make losses until 2012.

At IPO Tesla will sell 11.1 million shares for between $14 and $16 per share. This will bring in around $185 million in cash, and then after IPO Toyota's May-announced investment will add another $50 million to this--totalling some $235 million of fresh...