UPDATE 4-Tesla prices at $17 in upsized IPO-source

Newswire

* IPO prices at $17/share vs $14-$16/shr range-source * Sells 13.3 mln shares, raises about $226 mln-source * Tesla is first carmaker IPO since Ford's 1956 debut * Tesla not expecting profits until at least 2012 * Facing 2011 production gap for Roadster (Adds details on IPO pricing) By Poornima Gupta SAN FRANCISCO, June 28 (Reuters) - Electric carmaker Tesla Motors Inc priced shares in its initial public offering above the expected range on Monday, according to a market source. ...

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