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Tesla to Go Public "Soon"

What may be the hottest "buzz" in the stock market today is the rumor that electric carmaker Tesla is planning an initial public offering (IPO) filing very soon, making Tesla the first US-based carmaker to do so after Ford's 1956 debut.

Tesla officially denies, or should we say refuses to comment on rumor or speculation, as the company's spokesman Ricardo Reyes calls the IPO news. According to MSNBC, Tesla's IPO marks a landmark for electric cars, so far deemed impractical.

Tesla has already confirmed it will go public, although an official date has not been named. Last year, Elon Musk, the company's CEO, said the IPO could be made in late 2008 or 2009.

Still, things have changed since 2008, when Tesla was just about the single electric carmaker to be taken into account (from the technology standpoint, at least, because the price for their vehicles is way above average).

The recent launch of the Nissan Leaf, the first mass-produced electric vehicle and the projected releases of the Ford or GM EVs would make life really difficult for Tesla, mostly due to price issues.

The announced release of the Model S, nearly half the price of the one charged for the Roadster, may put the EV carmaker right up Ford's or GM's alley.

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. It remains to be seen whether Tesla would be the first...
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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