With IPO, Tesla bets on electric car’s future
With IPO, Tesla bets on electric car’s future
Tesla Motors Inc. starts selling stock to the public on Tuesday. The sale’s success depends on how much investors are willing to bet on a car company that has never made a profit, sells a single vehicle and expects to lose money until at least 2012. As for… Tesla Motors – Electric car – Initial public offering – Business – Automobile
Read more on San Francisco Chronicle
Tesla IPO aims at battery car
Tesla Motors Inc.’s Elon Musk is trying to pull off the first initial public offering of a US automaker in a half-century for an electric sports-car company that’s lost money every year since its founding in 2003. The maker of the $109,000 electric Roadster bought by Brad… Read more…