Created by one of the
founders of PayPal, Tesla Motors
has filed an application for initial public offering, in which it expects to raise up to $ 100 million.
Actually, such a decision has long been expected by fans of Tesla electric vehicles, because this is almost the only way for a company to attract additional finances. Until now, the company is unprofitable and will be at least until 2012. As part of the application for the SEC, the company announced for the first time full financial statements, from which it follows that Tesla recorded profit for the first time last July. However, since the company was founded in 2003 until September 30, 2009, Tesla's net losses amounted to about $ 236.4 million, and profits are uncertain and depend on future demand for future models. More precisely, for one future model Tesla S (the company is not going to produce anything else).
The main problem is that now almost all the major automakers are preparing to release their own electric or hybrid cars, and the Tesla innovator can easily get lost among them if they do not quickly capture their market share. They have a chance. At the moment, Tesla is the only company that began mass production of a full-fledged electric car, but before the end of the year, General Motors and Nissan can join it with Chevrolet Volt and Nissan Leaf, respectively.
Until December 31, 2009, only 937 Tesla Roadster vehicles were sold in 18 countries.
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Tesla is pinning great hopes on the Model S sedan, under which it recently received a loan from the US Department of Energy in the amount of $ 465 million. With this money, it is planned to build a plant in California and launch the conveyor by 2012. By this time, by the way, the Roadster is already out of production.
If something doesn’t work with Model S, then Tesla can be forgotten for at least a few years.
via
Wired