Abstract:
Tesla Motor, an electric car making company intends to raise funds for financing the construction of its manufacturing units. This, it hopes to do by going public and by opting for Tesla IPO. The article below reveal certain facts pertaining to the company. The company has made many products and some of the products are likely to hit the roads shortly.
Raising funds by going public through an IPO:
Established in the year 2003, Tesla is based in California and is known for making electric cars. A Tesla IPO is likely to hit markets either by the end of 2008 or in the year 2009. Some of the commonly known vehicles produced by Tesla include Roadster, Blude Star and White Star. White Star, an electric sedan is likely to cost $50,000 to $60,000 and is expected to hit the roads sometime in 2010.
Trading of shares:
Company officials say that the IPO is likely to be conducted on the New York Stock Exchange or the London Stock Exchange.
Aim of Tesla IPO:
The money raised will help the company in securing a "loan guarantee" from United States Department of Energy to set up a production plant in USA. Tesla IPO is expected to raise as much as USD$250 million. The capital raised would be used for the mass production of its vehicles.
The company has worked extensively on various technologies related to power management. The activities of the company are usually funded by money raised from venture capital funds as well as money raised by private investors.
Lately, Tesla downsized some of its top ranking engineers and quite a number of firms associated with public relations. This move of the company was looked upon as a signal that the company is encountering financial troubles. Nevertheless, company representatives state that the company has accumulated as much as $105 million and still has around $40 million in the pipeline.