Tesla Motors moves quickly again, announces $100 million IPO
The public offering has been rumored for months. Headquartered in San Carlos, California, Tesla makes the $109,000 Roadster sports car. It has plans to start selling less expensive models including the model-S at around $60,000, $10,000 less with tax credits. The model-S will have three battery pack options for a range of up to 300 miles per charge. Tesla has taken more than 1,500 reservations for the Model S and expects to begin production in late 2011 for the 2012 model-year. Tesla said it lost money between 2006 and 2008, and in the first nine months of last year reported losses of $31.5 million. Tesla has been selling its all-electric Roadsters for nearly two years, and it’s the only highway-capable
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