Tesla Motors May Go Public in 2008 or 2009
Can't afford a Tesla Roadster? Maybe you can afford a piece of the electric car company. Yesterday, Tesla chairman Elon Musk said: "I would say within end of this year or next year there is a good chance we would go public". He even let the door open to cooperation with other companies. "We occasionally have short conversations with other automakers," he said. This potential partner could be a U.S. company, "but there's a good chance it's not."
None of this is very surprising. Tesla will need lots of money to bring to market its second and third models, the White Star and Blue Star (code names). Each successive model is planned to be less expensive and sell more units. The White Star could be available in 2010 for around $50,000-$60,000, and the Blue Star will be "as affordable as possible" with a goal to move 100,000 units a year (though Musk didn't give a time frame). ::Reuters, ::First Production Electric Tesla Roadster Delivered