According to a recent filing with the Securities and Exchange Commission the high end electric car builder Tesla Motors is planning to raise as much as $100 Million in capital through the aide of public investors. While the entire automotive manufacturing industry is facing difficult times, Tesla hopes that they will be able to supplement the $465 Million loan from the federal government and claim a lasting stake in the new car market by increase the public’s awareness about the forward thinking green car builder’s intent to mass produce electric vehicles for a wide range of consumers.
The California based car builder Tesla is currently offering a lineup of only two cars, with the high performance $100,000+ open air Roadster leading the charge and the $60,000 Model S sedan following closely behind. By opening themselves up to public investors with an IPO, the electric automaker is adding another element of uncertainty to their plans in an already unstable new car market; however Tesla co founder and CEO Elon Musk is no stranger to taking chances.
Continued after the jump.