Tesla Motors Filing for IPO
Tesla Motors is easily one of my favorite car companies out there. They only currently have two models, the Roadster and the Model S, but their cars are light-years ahead of anything the big car manufacturers are offering. Both of their models are stylish and fast, yet get several hundred miles per charge.
In an effort to raise more funds to continue manufacturing its vehicles, Tesla is filing for a $100 million IPO. The goal is to starting making more Roadsters and having the Model S out by 2012 with the help of a federal loan along with these investment funds.
Their new Model S will cost $50,000 after a federal tax credit and are in the works of making a more practical model in the not so far future. As with any stock and especially a smaller company like Tesla, there is a chance in losing money. If you are interesting in buying stocks, this is one company that looks really promising though.
