Tesla Hopes to Raise $185M in IPO and From Toyota

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By
Muhammed El-Hasan
on June 15, 2010 8:25 AM | | Comments (0) |

There's so much hype around Tesla that I'd be surprised if the company didn't exceed its IPO goal.

Tesla, which is run by Hawthorne-based SpaceX founder Elon Musk, could change the way we drive just like SpaceX may change how we go to space.

At least that's Musk's goal and a reason Tesla is getting so much attention.

Tesla also benefits whenever SpaceX has a major breakthrough, like the recent successful launch of the Falcon 9 rocket. If Musk can get a large rocket like the Falcon 9 into orbit only eight years after founding the company, then maybe he can work the same innovative magice on all-electric cars at Tesla. At least that's how the thinking goes.


Tesla Motors to Raise $185M in IPO, Toyota Deal

(ABC News) Electric car maker Tesla Motors Inc. set terms for its highly anticipated IPO Tuesday, saying it now hopes to raise about $185 million by selling shares to the public and to Toyota Motors Corp.

Read more on Tesla and Toyota.

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This page contains a single entry by Muhammed El-Hasan published on June 15, 2010 8:25 AM.

Toyota Caught In Another Late Recall? was the previous entry in this blog.

SpaceX Lands Major Contract is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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