Tesla Motors, the celebrity of the all-electric vehicle industry, may go public at the end of this year or in 2009, according to a statement made by the company’s chairman on Wednesday.
"I would say within end of this year or next year there is a good chance we would go public," Elon Musk, Tesla’s chairman, said in an interview at the Clean-tech Investor Summit in Indian Wells, California.
Musk, who is also the co-founder of PayPal, said there is "a good chance" Tesla will collaborate with another company to make a low-cost electric car in the future.
"We occasionally have short conversations with other automakers," he said.
Tesla says it already has about 900 orders for its all-electric Roadster, which sells for about $100,000.
The company also has an electric sedan in development, being called the White Star. The company says it will sell for between $50,000 and $60,000 and be available in 2010.
Musk said the company’s third car, known inside the company as Blude Star, will be "as affordable as possible." He did not say when the car would be available, but said Tesla is aiming to produce about 100,000 per year.
He said the company’s main priority is achieving profitability. "It should be achievable next year in the Roadster business line," Musk said when asked if Tesla had a target for making a profit.
Loading...