The first US-based carmaker to file an initial public offering (IPO) after Ford's debut in 1956 is Tesla Motors, who announced over the weekend it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock.
"A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective." Tesla says in a release.
"This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state."
The confirmation of the IPO comes after in November Tesla denied to comment on whether it will go public or not. Back in 2008, Elon Musk, the company's CEO, said the IPO could be made in late 2008 or 2009. Late as it is, the IPO is considered by experts a landmark for electric cars, so far deemed impractical.
As projected, the debut of lithium-ion battery manufacturer A123 Systems and the success it had since going public will inspire other green-tech players follow the same path.
"A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective." Tesla says in a release.
"This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state."
The confirmation of the IPO comes after in November Tesla denied to comment on whether it will go public or not. Back in 2008, Elon Musk, the company's CEO, said the IPO could be made in late 2008 or 2009. Late as it is, the IPO is considered by experts a landmark for electric cars, so far deemed impractical.
As projected, the debut of lithium-ion battery manufacturer A123 Systems and the success it had since going public will inspire other green-tech players follow the same path.