The recent news that Tesla Motors plans on selling an estimated $100 million in an initial public offering according to the Securities and Exchange Commission comes as no surprise to those who have been following the start-up car company.
According to the Wall Street Journal, "the registration doesn't specify when or at what price shares would be sold or where they would be traded."
As you may be aware Tesla recently received a $465 million loan from the U.S. Department of
Energy to help develop a seven-passenger electric sedan, known as the
Model S. The company says it will be assembled in the U.S. and sell for
about $49,900, after federal tax credits," the Wall Street Journal goes on to report.
The company's CEO and long time California entrepreneur, Elon Musk, has always had big plans for electric cars…especially those built by his company Tesla Motors.
We had the chance to speak with Musk a few weeks before the IPO at the Boulder, Colorado Tesla Motors dealership grand opening and asked him where he sees Tesla Motors five years from now.
Check out the exclusive interview below, and take a look at our first ride in the Tesla Roadster HERE and our first peek at the new Tesla Model S HERE, including an up close and personal view of the Model S space-age Jetsons style dashboard.
Follow on twitter @TFLcar or watch latest car review videos on YouTube.
