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03 February 2010

TSLA: Electric car maker Tesla Motors files for a $100 million IPO


Tesla Motors, which produces high-performance, fully-electric vehicles, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Palo Alto, CA-based company was founded in 2003 and booked $108 million in sales over the last 12 months. Goldman Sachs, Morgan Stanley, J.P. Morgan and Deutsche Bank are the lead underwriters on the deal. No pricing terms were disclosed.