Friday, January 29, 2010

Tesla Files For IPO

Palo Alto-based Tesla Motors said Friday in a filing with the SEC, that it is looking to raise up to $100M in an IPO. The IPO is being underwritten by Goldman Sachs, Morgan Stanley, J.P. Morgan, and Deutsche Bank Securities. According to the firm's filing, the company had a net loss of $31.4M on sales of $93.35M in the nine months ended September 30, 2009. The filing lists Elon Musk, Blackstar Investco (an investment arm of Daimler North America), Al Wahada Capital Investment, VantagePoint Venture Partners, and Valor Equity Partners as the biggest shareholders in the firm.