Energy and Global Warming News for June 15: Tesla sets IPO terms, expects to raise $185M; A formula for seaweed fuel; Europe's New Wind Power rivals gas

[image error]Tesla Sets IPO Terms, Now Expects to Raise $185M

Electric vehicle startup Tesla Motors has set the terms of its long-awaited IPO and is looking to raise substantially more than it previously estimated. Tesla is looking to sell 11.1 million common shares at between $14 and $16 each, and estimates it will raise as much as $185 million, up from the roughly $100 million it said it hoped to raise back in January.

Tesla will also sell $50 million worth of shares to Toyota in a private placement...