Sunday 22 November 2009

Tesla may go public on 'green' car surge

US electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

An IPO filing from the six-year-old start-up, best known for its $109,000 (Dh400,030) all-electric Roadster, is expected any day, said one of the sources. The person did not give a specific time frame, although IPOs typically take several months.

Tesla spokesman Ricardo Reyes declined to comment on what he called "rumour or speculation".

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