Tesla Motors’ Impending IPO – Publicly-Owned EV Companies Have Never Been Sexier
Tesla Motors, the California-based makers of sleek, high-performance EVs such as the Tesla Roadster will be making an IPO very soon, reports Reuters. The move will follow their reported profits of $1 million on $20 million of revenue in July. Although they have remained privately held since their founding in 2003, this move could have been foreseen, as Tesla Motors chairman Elon Musk suggested an IPO possibility in late 2008 or 2009. However, the economic chaos late last year proved an enormous obstacle, even for a company that sells an electric car as gorgeous as the Tesla Roadster (left).
A few bits of info for those who aren't in the know: The Roadster boasts a top speed of 125 mph, goes 0-60 in 3.9 seconds, and runs on 100% electricity from lithium-ion battery packs - the same ones you use in your cell phone, laptop, and a myriad of other electronics equipment. Don't get too excited, though. Although it may be fuel and time efficient, it certainly isn't cash efficient. With a base price of $109,000, this is not a cheap thrill. And that doesn't even include floor mats, or cool options like "Tesla Paint Armor" and "Forged Tesla Wheels." Is it just me or does the addition of the word "Tesla" make even the most standard option sound incredibly awesome? Check out their galleries here, and don't forget a napkin for the drool.
Sources: Reuters, Tesla Motors
