Tesla Motors files for $100 million IPO

Tesla Motors files for $100 million IPO

Tesla Motors filed papers to go public , betting the time is right to raise $100 million on the stock market from investors eager to get a share of the nascent electric-vehicle market.

The high-profile Silicon Valley company said it plans to use the proceeds from an initial public offering to continue manufacturing versions of its all-electric Roadster sports car and build the Model S, a luxury sedan.

In its prospectus, Tesla indicated that it has sold 937 Roadsters and made $93.3 million through the first nine months of 2009. Its balance sheet shows that it has built up a stockholder deficit of $230 million.

Comments

4 Free Apps For Discovering Great Content On the Go

1. StumbleUpon The granddaddy of discovering random cool stuff online, StumbleUpon will celebrate its 10th anniversary later this year — but its mobile app is less than a year old. On the web, its eight million users have spent the last decade recommending (or disliking) millions of webpages with a thumbs up / thumbs down system on a specially installed browser bar. The StumbleUpon engine then passes on recommendations from users whose interests seem similar to yours. Hit the Stumble button and you’ll get a random page that the engine thinks you’ll like. The more you like or dislike its recommendations, the more these random pages will surprise and delight. Device : iPhone , iPad , Android 2. iReddit Reddit is a self-described social news website where users vote for their favorite stories, pictures or posts from other users, then argue vehemently over their meaning in the comments section. In recent years, it has gained readers as its competitor Digg has lost them. ...

CONTINUE READING THIS POST..........

Evolution Of Computer Virus [infographic]

CONTINUE READING THIS POST..........

‘Wireless’ humans could backbone new mobile networks

People could form the backbone of powerful new mobile internet networks by carrying wearable sensors. The sensors could create new ultra high bandwidth mobile internet infrastructures and reduce the density of mobile phone base stations.Engineers from Queen’s Institute of Electronics, Communications and Information Technology are working on a new project based on the rapidly developing science of body-centric communications.Social benefits could include vast improvements in mobile gaming and remote healthcare, along with new precision monitoring of athletes and real-time tactical training in team sports, an institute release said.The researchers are investigating how small sensors carried by members of the public, in items such as next generation smartphones, could communicate with each other to create potentially vast body-to-body networks.The new sensors would interact to transmit data, providing ‘anytime, anywhere’ mobile network connectivity.Simon Cotton from the i...

CONTINUE READING THIS POST..........

Technology Effect

Search This Blog