Telsa Motors Offering IPO
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Tesla Motors, a rising electric car manufacturer, is offering its IPO on June 28th. There is lots of buzz around the company who many consider to be a risky investment considering they have yet to turn a profit.
In the end, Tesla hopes that it can raise approximately $178 million, with more funding possible from big time manufacturers like Toyota and Daimler. This makes sense considering that Daimler is already using Tesla’s battery technology in all of it’s electric vehicles.
The company is hoping that the unveiling of their Model S in 2012 along with capital raised from this IPO will to take their operations to the next level. Plans have already begun to manufacturer the car in Fremont plant with a price of around $50,000.
As I said earlier, this company is a risk, but could pay off big to stock holders who are willing to take on that risk. I wish Tesla much luck and hope that they can help make the electric car a staple in the American home.
Comments
What a beauty, i want one.
That is good news that Telsa went public. That will really help the electric vehicle market. For electric cars to really take off, they need to appeal to all markets, including sports car enthusiasts. Since those kinds of cars often pollute more than other cars, it is nice to be able to purchase a powerful car that has a small carbon footprint.
woow.. $178 million, but the car is very beauty