Here’s some gutsy news from one of the gutsier companies around. Tesla filed papers for an initial public offering (IPO) today, hoping to raise up to $100 million. In its Form S-1 registration statement with the SEC, the Silicon Valley start up said the stock would be issued “as soon as possible”. That part is not very surprising, coming on the heels of securing a $465 million loan from the DOE to help build the Model S. But deeper in the that filing comes a couple of juicier facts: Tesla has lost some $236 million so far, and plans to kill the Roadster, its only product on sale, in 2011. (Read More…)
Posted in Electric Vehicles, Green, News Blog, Tesla Birth Watch
Tagged as tesla ipo, tesla model s, tesla roadster, tesla stock
Tagged as tesla ipo, tesla model s, tesla roadster, tesla stock
Recent Comments
ajla - The Northstar family was a DOHC, the Rover V8 was OHV. The Cadillac 4.1, 4.5, 4.9 line was aluminum block/iron head and OHV. However,...
raph - How do forced induction engines fair in road racing? My car with its puny heat exchanger gets heat soaked rather quickly (then again...
NoGoYo - I remember seeing like 2 or 3 different Mazda emblems on ’90s Mazdas…dunno what was up with that.
tresmonos - I agree with you, without the corruption, violence and pollution, the DF would be one of the best cities in the world. I spent a year straight...
namesakeone - Sorry, didn’t realize that the car was about to be destroyed anyway.
wumpus - Aren’t both of them DOHC? I’d think that even the 6L pushrod would be smaller. Might want to keep the GM transmission (I...
NMGOM - icemilkcoffee – - – “Transportation” also includes the trucking industry, rail usage, ocean...
Greg Locock - Flipper35- No, each shaft rotates at the same speed. The power transmitted by each axle shaft will depend on the torque...
Ronnie Schreiber - I’m sure that the 3800 II is more common in junkyards, but the Buick/Rover aluminum V8 weighs about 75 lbs less. It...
patman - Well, I meant aluminum GM LS engines – Corvette, Camaro/Firebird, GTO, etc. You can find Lincoln MKVIII 32V Mod motors for...