Silicon Valley automaker Tesla Motors is preparing to go public soon, two people familiar with the situation said, outlining plans to sell stock and cash in on investor appetite for green technology and interest in battery-powered vehicles.
The six-year-old start-up’s investors include Google Inc founders Sergey Brin and Larry Page.
An IPO filing from Tesla, best known for its $109,000 all-electric Roadster, is expected any day, said one of the sources. The person did not give a specific time frame.
Tesla spokesman Ricardo Reyes declined to comment on what he called “rumor or speculation.”
Source: Reuters
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