Tesla Motors plans IPO

Tesla Motors, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock.

Tesla Motors designs, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components. The number of shares to be offered and the price range for the offering have not yet been determined.

Goldman, Sachs & Co., Morgan Stanley, J.P. Morgan and Deutsche Bank Securities are acting as the joint book-running managers for the offering.

An initial public offering at Tesla has been anticipated for months. The company makes the $109,000 Roadster sports car, but it has plans to start selling cheaper electric vehicles in the future.

In its filing, Tesla says it lost money between 2006 and 2008, and in the first nine months of last year it lost $31.5 million.