News & Tech

Biz Buzz - Sources are telling Reuters News service that Tesla Motors is on the verge of going public. Is there a Tesla IPO on deck? Timing is everything and if the sources are whispering accurate information the offering comes "amid growing interest in green technology and battery-powered vehicles," the report accents.

Tesla IPO on Deck - Electric Carmaker Tesla Motors Going Public?

Cue the rep: "We don’t comment on rumor and speculation," said company spokesman Ricardo Reyes, according to Wired.Com.


Inside Line asks, "Is a Tesla IPO Imminent? writing, "Tesla's financial prospects have greatly improved this year. Funded initially by venture capitalists, including Google founders Sergey Brin and Larry Page, Tesla sold a minority stake earlier this year to Germany's Daimler AG and its Abu Dhabi-based partner Aabar Investments."

Should you invest? The report also notes that the company "received $465 million in low-cost loans from the U.S. Department of Energy, money that is earmarked to help Tesla put its mid-priced Model S sedan (pictured above) into production in 2011." Tesla's only current model is the Lotus Elise-based Roadster.

Pictured - Tesla Model S electric motor car outside the Ed Sullivan Theater for the 'Late Show With David Letterman.' (Image Credit: WENN)