Tesla Motors to file an IPO

Electric sports car manufacturer Tesla Motors is expected to file an IPO (initial public stock offering) within days.
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The move would provide the six-year-old Silicon Valley-based company with capital to invest and expand in the future, hoping to attract attention from those enthusiastic about green technology.

Tesla is most well-known for its two-seater Roadster – the first production car powered by a lithium-ion battery, with a range of more than 320 kilometres.

A spokesman for Tesla, Ricardo Reyes, refused to comment on the possible IPO, calling the suggestion nothing more than “rumour and speculation”.