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Tesla preparing IPO
Electric carmaker Tesla preparing IPO: sources
Posted on Monday, November 23rd, 2009 at 2:55 PM EST. (Employee News)
U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles, Reuters reported.
An IPO filing from the six-year-old start-up, best known for its $109,000 all-electric roadster, is expected any day, said one of the sources, the news service said. The person did not give a specific time frame, although IPOs typically take several months, Reuters said.
Tesla spokesman Ricardo Reyes declined to comment for the news service on what he called “rumor or speculation.” Tesla would mark the first public offering from a U.S. automaker since Henry Ford’s Ford Motor Co debuted its shares in 1956, the article said. The IPO represents a landmark in the resurgence of electric car technology that most carmakers had dismissed as impractical until recently, the story said. (Reuters)
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