Reply #47: U.S. electric carmaker Tesla preparing IPO-sources [View All]

[tclambert]

By Poornima Gupta

SAN FRANCISCO, Nov 20 (Reuters) - U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

An IPO filing from the six-year-old start-up, best known for its $109,000 all-electric Roadster, is expected any day, said one of the sources. The person did not give a specific time frame, although IPOs typically take several months. . . .

Tesla would mark the first public offering from a U.S. automaker since Henry Ford's Ford Motor Co (F.N) debuted its shares in 1956.

more at: http://www.reuters.com/article/marketsNews/idAFN2023822020091120?rpc=44
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I have mixed feelings on a Tesla IPO. On the one hand, it's really, really cool. On the other, as I have said many times, Tesla is a tiny, tiny part of the car market. They have yet to make 1,000 cars after 6 years in business. They have yet to make as many cars as, say, Ford does on a typical Tuesday morning.