We knew that Tesla Motors (TSLA) was to start selling shares, we have since learned that they increased their IPO today – it seems that they are anticipating a number of green investors to come forward. The report suggests that their initial public offering has now been increased to 20 percent.
The electric carmaker has now increased its shares to 13.3 million, and hopes to sell them from $14 to $16. The company will put the money to good use and will hopefully give a return-on-investment. Tesla will use that money to help increase production and sales.
Once Tesla close the IPO it will then apply to go on the Nasdaq Global Markets, which it will then be known as. The EV maker has already said that they will sell $50 million worth of shares to Toyota – Surojit Chatterjee from IBTimes reports that Toyota will have a 3 percent share in the company.
Tesla has high hopes for its shares, but analysts fear that the carmakers business plan is full of risks. We just hope that there is still a place in the market for an electric car with such a high price tag, as they will have to fear the Nissan Leaf and the Chevy Volt – both looks to be generating a huge amount of interest.