Tesla Motors files for IPO of up to $100 million

Posted: Jan 29, 2010
Filed under: Breaking, Hybrids, Green News, Industry News, Tesla Motors

California start-up electric car manufacturer Tesla Motors has filed an IPO of up to $100 million. The Tesla IPO marks the first time since 1956 that an American auto maker has offered an IPO, when Henry Ford first offered shares of FoMoCo.

No pricing details were released, nor an exact time of debut. The offering also marks a significant resurgence in electric car interest.

The SEC filing said that Tesla has sold 937 Roadsters in 18 countries since its inception. The company also holds about 2,000 reservations for the Model-S which is still in development, and has generated around $108.2 million in revenue through September.

- By: Stephen Calogera

Source: Reuters

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  • Tesla Motors is making some bold claims in their SEC public filing. Last year’s unveiling of the Model S prototype was exciting, but Tesla has yet to make good on the Southern California manufacturing plant or the production of Model S sedans. Can’t wait to see their electric cars and sedans, much less their SUV’s, vans, and coupes.

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  • Another U.S. automaker. Hopefully it learns a thing or two from the "old generation."
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