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Electric automaker Tesla Motors is looking to raise up to $214 million through a secondary public offering of its shares and a private placement to fund development of the Model X – the battery-powered CUV due in late 2013ish.

It's no secret that Tesla Motors is working on an electric SUV/CUV called the Model X. In fact, back in October, Tesla chief executive officer, Elon Musk, told Green Tech Media that the automaker aims to unveil a prototype of the SUV/CUV by the end of 2011, with production tentatively scheduled for 2014.