Report: Tesla Motors to offer IPO any day now

Two people familiar with the situation told Reuters today that electric-vehicle automaker Tesla Motors is planning to go public soon. The sources said that Tesla is outlining plans to offer an IPO and cash in on investors who are interested in the future of electric-vehicles.

A source said that an IPO filing from Tesla is expected any day; however, the source would not give a specific time frame.

Tesla spokesman Ricardo Reyes declined to comment on the report and called it “rumor or speculation.”

Tesla’s investors include Google founders Sergey Brin and Larry Page.

– By: Omar Rana

Source: Reuters