Tesla Files Paperwork to Launch IPO

Posted by Dave VanderWerp 0 comments

tesla model s.jpg

Tesla filed paperwork with the SEC this afternoon for an initial public offering. No date was set, but according to the AP the documents indicate that the company is looking to raise around $100M.

The report also notes some interesting information about Tesla's finances. The paperwork indicates that Tesla has lost $236M since 2003. This is not particularly surprising since Tesla is a start up company in an industry with high costs of entry.

A more curious number comes later when the AP report notes that the company lost $31.5M during the first nine months of 2009. 

That number is notable given that the company sent out a press release in August declaring that it had achieved profitability — for the month of July. Strangely, that press release is no longer listed on Tesla's website. You can read it here if you're curious. If I was a potential investor, I would be.

AP

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