Buy Your Share of Tesla Motors Electric Car Company Tesla to Go Public

Despite a rough corporate history thus far, news giant Reuters is
reportingย thatย boutiqueย car manufacturer Tesla is planning to have an
IPO (initial public offering). Tesla currently produces an all-electric
sports car with aย proprietaryย electricย drive trainย and uses a
Lotus-produced body and chassis. The Tesla has a range of 244 miles and
can go 0-to-60 in just 3.9 seconds.
Tesla's publicly stated goal has been to first produce a limited number
of expensive sports cars to fund the research and production of a
wide-spread, more affordable consumer sedan. Tesla Motors was founded in
2003 by former PayPal executive Elon Musk.
Despite its lofty, green goals, Tesla's road has been rocky. Just before
the first few Tesla's were released, the blogosphere reported that all
of Tesla's engineering team had been fired by Musk, reportedly over
difficulties with the vehicle's electric drivetrain.
Even after the cars started being delivered to customers, Tesla's
problems didn't stop as the company was hit hard by the worldwide
economic recession and Elon Muskย announcedย that he was going to seek a
$9 million loan from a bank. Tesla was instead bailed out by the US
Government when they received a $425 million low interest loan from the
US Department of Energy.
However, even with all theirย monetaryย and technological issues, Tesla
appears that it will stay in business, and a source told Reuters that
Tesla plans to cash in on Wall Street's hunger for green technology. No
date on the IPO was speculated on (unless you count near as a date)
and Tesla officially had no comment on the IPO.