Tesla Motors, makers of sporty electrical cars, filed their registration statement on January 29th to go public with a $100 million offering through Goldman Sachs, Morgan Stanley, JP Morgan and Deutsch Bank. The offering would help fund the roll out of Tesla’s 2012 coup which would compete head to head with the major automotive companies.
Yesterday, three Tesla Motors executives died in a plane crash of a private plan taking off from Palo Alto, California where the company is headquartered. It is too early to tell what impact it will have on Tesla’s prospect to attract investment or ability to launch an affordable yet sporty electric car during the 2012 season.
Toyota recalls, Honda recalls, Tesla plane crashes. . .GM is certainly having a run of market share luck since the government invested.