The California-based electric vehicle manufacturer, Tesla Motors, is edging closer to an initial public offering, according to founder Elon Musk.
Musk also confirmed that Tesla is working on a replacement for its current 2-seat sports car, the Roadster, which will go out of production by 2012. That timetable has been dictated by the British maker, Lotus, which supplies the chassis used by Tesla for its first production model.
“We hope to go public in a couple of months,” Musk said during a visit to Detroit, another company official noting that Tesla’s planned IPO has already gone through two rounds of reviews by the Securities and Exchange Commission since the company announced its interest in selling stock, back in February.
Tesla has already formed an alliance with Daimler AG, which has purchased an 8% stake in the California start-up, and which will be using Tesla’s technology to power the new electric-powered Smart cars that will reach the market in the U.S. late this year or early 2011. Tesla has other projects underway with Daimler and is also discussing possible alliances with two other automakers, Musk said.