Tesla Motors is planning an IPO soon according to a Reuter’s report. However at this point it’s still not clear when that will be although the company had previously stated it won’t happen in 2009. In fact, this rumor has been around for sometime, but in case you didn’t notice, the stock market wasn’t doing that well until recently.
Tesla has been ramping up development of its all-electric Model S sports sedan and building selling Tesla Roadsters as quick as they can make ‘em. Of course the $597.5 million in funding that the company raised this year probably helps.
The bulk of that cash influx, $495 million, came from a Department of Energy loan. Daimler also came through with $50 million in exchange for 10% ownership of the young startup, while another round of funding earned Tesla $82.5 from Daimler, Fjord Capital Partners, Aabar and other undisclosed investors.
A Tesla spokesman dismissed the report as a “rumor or speculation” which very well could be the case. But if the company keeps on the its current path, whenever the IPO does happen, the company will probably not have any trouble finding investors.
Tesla Motors should redefine there bussines goal to guarantine continuity, Its clear now what they stand for. Now its time to put the bussines on trottle.
Personally, i wouldn’t touch their shares. Have they actually made any profit yet ?
I would love to have some stocks for our funds at http://www.cleantech-europe.com of Tesla
Tesla technologies and manufacturing efforts are about to go to Asia – by necessity! Americans are far to narrow-minded and gasoline addicted to even consider the Euro-Diesel option to their high priced fuel dilemma, never mind something as sane as a rechargeable battery car and nuclear/electric sourced electric bullet train networks such as exist already in a technically capable and progressive China. Asians possibly have more use for the Tesla technologies than Americans who seem determined to ride it out the end of the Cheap Oil Era, then suddenly switch to some as yet unknown “savior” fuel for their air-conditioned land yachts. Far too many Americans are drunk, stoned on Mexican Drugs and frozen on Colombian dope to even realize their ship is sinking fast!