Electric-sports car maker Tesla Motors plans to go public soon, Reuters reported today, citing two sources familiar with the matter said. An IPO filing from the six-year-old start-up, best known for its $109,000 all-electric, zero-emissions Roadster, is expected any day, the news agency quoted one of the sources as saying. The person did not give a specific time frame, although IPOs typically take several months. Tesla spokeswoman Rachel Konrad, in an interview with Green Car Advisor , declined to comment on what she called “rumor or speculation.” Tesla would mark the first public offering from a U.S. automaker since the Ford Motor Co. debuted its shares in 1956. The IPO represents a landmark in the resurgence of electric-car technology that most carmakers had dismissed as impractical until recently. The company's chairman Elon Musk said early last year that an IPO was a possibility in either late 2008 or 2009. But the financial market turmoil following the collapse of Lehman Bros. in the latter half of 2008 virtually shut down the IPO market. The appetite for IPOs has picked up since mid-September this year with a robust pace of new filings. Tesla's IPO would follow the successful debut of lithium-ion battery maker A123 Systems, whose shares rallied 50 percent on their first day of trading on Sept. 25. Analysts have said that the success of A123, the first green-technology…
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Reuters Reports Tesla Preparing IPO; Electric-Car Maker Declines to Comment
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