Tesla IPO

Published over 2 years ago

After a bit of a rocky road a few years back, Tesla is forging ahead with big plans. Management played musical chairs, founder Elon Musk took the reigns, and seems to be doing a terrific job.

The Tesla Roadster is an incredible car. I've driven one and it convinced me - if I had a few million dollars in the bank, I would buy one! Unfortunately, I don't have a few extra million hanging around in my mattress, but neither do most people!

Enter the Model S: an electric car for the masses. With tax incentives, the Model S becomes a lot more affordable to your average Joe the Plumber.

In tandem with the Model S announcement, Tesla secured $465 million in loans from the US Department of Energy, supposedly for building manufacturing plants in California. Personally, I don't understand the logic of manufacturing in California, due to high taxes, expensive real estate, and tumultuous energy costs.

The latest news in the story of Tesla is that they are planning to file a $100 million initial public offering (IPO), effectively making Tesla a public company.