Electricity — 23 November 2009
Tesla Mulling IPO

Tesla-Model-S

It looks like the next chapter in the long and twisting Tesla saga will involve the company going public. According to a Reuters article, two unnamed sources have said the company is considering an IPO – shirking its private status in hopes of raking in more cash. As you may recall, Tesla was awarded a massive government loan of $465 million for research and development of the company’s all-electric sedan, the Model S, despite having produced relatively few consumer vehicles.

When can you expect a shot at some Tesla stock? That all depends on who you ask. According to the unnamed sources in the Reuters piece, the company could go public any day now. On the other hand, official Tesla spokesperson Ricardo Reyes has declined comment on rumor or speculation.

Source Reuters

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