Saturday, January 30, 2010

Tesla IPO: Taking the dream for a ride

For a couple of years now, the dream ride has been in a Tesla Roadster. You strap in, feel the instantaneous surge of power, maneuver the curves above Palo Alto on electrons.

The next ride won't be the Tesla S Sedan, it will be Tesla the stock.

Tesla Motors has filed an IPO plan with the SEC to raise $100,000,000 in a public offering.

Tesla will stop production of the Roadster in 2011. The electric sedan is meant to appear in 2012.