REPORT: Tesla Motors planning IPO "soon"
Tesla Roadster - Click above for high-res image gallery
Rumors about Tesla's plan to go public have been circulating since 2008, but a down stock market seemed to put a damper on the start-up's IPO. Now, the word
For its part, Tesla continues to offer little guidance on the report other than to dismiss it as "rumor or speculation." We shall see...
Gallery: First Drive: Tesla Roadster
[Source: Reuters]

Reader Comments (Page 1 of 1)
letstakeawalk 5:06PM (11/20/2009)
I encourage every reader of ABG to invest heavily when the IPO happens. Anyone have any idea what the ticker symbol will be?
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Joeviocoe 5:29PM (11/20/2009)
EMC2
Joeviocoe 5:30PM (11/20/2009)
EMC2
letstakeawalk 5:44PM (11/20/2009)
Kudos on the GIR avatar.
Mark_BC 6:52PM (11/20/2009)
Wouldn't that provide an opportunity for Big Oil to interfere?
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Dave 8:05PM (11/20/2009)
Good thinking. Nissan and GM are about to undercut Teslas price by over 50%.
Musk knows when to bail.
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Chris M 9:05PM (11/20/2009)
Undercut by 50%? No, not really. Neither Nissan nor GM plans to make a high performance EV to rival the Roadster, their plans are for more conventional sedan style EVd or PHEVs, which will be competing with the Tesla Model S instead. While the GM and Nissan models will be somewhat less expensive than the Model S, the difference in price is nowhere near "50%", and the Model S will be more luxurious, thus justifying the higher price tag.
jpm 5:11AM (11/21/2009)
Musk bailed from his internet startups. They must have been boring since he started a rocket company and high performance EV company. Something tells me he's not gonna bail because these are his ideal places to work. But he may bail and run with the loot. If he does it will be very telling. If not, we'll know he's committed to EVs.
Tohe 12:18AM (11/22/2009)
Not to mention, that Tesla is positioning itself as an American luxury brand. Nothing that GM makes will ever appeal to their consumer.
Chris M 8:59PM (11/20/2009)
The article was also on MSNBC, that's where I spotted it earlier today. The article said that it typically takes a few months to arrange an IPO, so I wouldn't expect it until sometime next year.
Of course that gives the rest of us time to plan any potential investments...
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Lad 9:55PM (11/20/2009)
Invest as long as you understand that IPOs in the U.S. are a scam run by Wall Street; The scam allows pre approved investors to reserve shares of the IPO company at a given price and for the Wall Street firms to talk up the price of the IPO. This almost guarantees an increase in the IPO after its introduction and a nice payoff for the VIPs who are in. If the SEC was worth it's salt, it would control this process to insure the process is fair for the investors who cannot pre buy. IPOs are a form of legal massive insider trading. And, it's a good way for Musk to time his departure from the car business with lots of money. TMC won't be a problem for the existing car companies; TMC has some unique technology in it's battery designs; but, that lead can fast fade as other companies complete their battery plans. I look to see TMC as a pioneer in BEVs but not a survivor of the car business in the long run.
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Ra Conteur 4:56PM (11/22/2009)
Lad's correct about IPO pre-sales. Some percentage of the block should be available to general public via lottery or some other mechanism. Tesla will not disappear because it goes public. It'll be better financed to build post Model S products and expand manufacturing facilities.
This is a great company that has inspired the U.S. move into real EVs and will continue as such. Given the power of the Tesla brand going forward, I'd look for them to enter other energy technologies - including partnerships with commercial space travel.
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