Electric Car Maker Tesla Motors Goes IPO

Written by Administrator
Jun 28, 2010 at 11:40 AM

When electric care maker Telsa Motors Inc. starts selling stock on Tuesday July 29th, the real question is this: By 2012, can the company mass produce and sell 20,000 Model S electric sedans a year? If they can, anyone buying shares of the company will likely have made a very sound investment.

Picture: Telsa Motor’s Roadster at the Great Wall of China. The car made the first round-the-world tour by a zero-emission car.

Telsa, which has lost over 290 million since starting up in 2003 hopes to raise 185 million by selling 11.1 million shares. The money they raise should help them continue their innovation as they strive to become profitable. Currently Telsa sells a two-door Roadster, which can go from 0 to 60 mph in under 4 seconds, but it also comes with a hefty $100,000 plus price tag.

The Model S electric car is scheduled, at the earliest, to be produced in 2012. The car will have a 300 mile range per charge and has a base price of $49,900. The Model S will compete with higher end sports-luxery cars. Telsa Motors recently made headline news announcing that Tesla and Toyota are partnering to produce electric cars at the Fremont-based NUMMI plant which had previously been jointly operated by GM and Toyota.

Tesla Motors is based in Palo Alto, CA. To date, the company has deliverd over 1000 Roadsters to customers in North America, Europe and Asia. Tesla designs and manufactures EVs and EV powertrain components. Telsa is the only automaker in the U.S. that builds and sells highway-capable EVs in serial production.

Want to learn more about hybrid cars? Go to www.hybridcarfreak.com
Last Updated ( Nov 22, 2010 at 03:50 PM )

About the Author:

Leave A Reply

Your email address will not be published. Required fields are marked *