Tesla Motors planned IPO
June 28th, 2008. Posted by AppleOption

View More Images of the Roadster
Tesla Motors is the electric vehicle powerhouse company. They created the Tesla Roadster capable of the following:
0 to 60 mph in 3.9 seconds
256 mpg equivlent, 100% electric
Less than 2 cents per mile
The company allegedly is interested in raising $100-250 Million more capital. Previously they raised $40 million in the third round of venture capital after receiving support from Google co-founders Larry Page and Sergey Brin as well as many others. It is believed that this next round may indeed be in the form of an IPO (initial public offering). According to VentureWire, Tesla is seeking $100-250 Million to refuel. Siry would not confirm or deny this prospect and comments that the company “can not” officially comment on financial plans. In the past they have been very vocal about financial planning. Perhaps Tesla Motors is in the beginning stages of preparing an IPO rollout!
The company not only produces high end electric vehicles, they have “almost finalized” the design of the Tesla Motors WhiteStar. The sport sedan code named WhiteStar is allegedly a 4-door, 5-passenger vehicle comparable to mid-level BMW/Mercedes with a $50-70K price range. By the end of the second quarter of 2008, Tesla is expected to share a glimpse of the design or prototypes. Wired reports that the company might also offer the WhiteStar with a hybrid drivetrain (gas + electric). Either way, Tesla already has their manufacturing plant in New Mexico preparing to mass produce the new sports sedan.
The basic mater plan for Tesla Motors.
1) Build sports car (aka Roadster)
2) Use that money to build an affordable car (aka WhiteStar)
3) Use that money to build an even more affordable car
4) While doing above, also provide zero emission electric power generation options
This is definitely a company to keep an eye on!!! Anyone with more information about the IPO release, please comment on this posting to share with AppleOption members.
