As Tesla Motors starts selling stock to the public on Tuesday, the offering’s accomplishment completely relies upon how much shareholders are ready to bet on a car Company that has never been able to make profit and hopes to lose money, until no less than the year, 2012.
Tesla will be the first auto manufacturer to go public, ever since the Ford Motor Company held its early public offering in the year 1956. It hopes that the stock sale will be capable of raising almost $185 million.
The start-up Company, which is based in Palo Alto, Calif., believes that Americans’ liking towards particular cars is altering. A majority of analysts have the same opinion that electric cars like Tesla’s will become a hit as gas prices rise and environmental worries increase too.
But Tesla faces far more difficult questions lined in queue. It has lost $290.2 million, since it was founded in the year 2003 and has not had a quarter where it has made profits.
It does not anticipate that to alter, until it begins selling its next vehicle, a four-door electric sedan christened as the Model S, in thousands. That is not planned until 2012, or probably later than that, according to its filing with the Securities and Exchange Commission.
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