According to Cnet, Elon Musk, the chairman and major funder of Tesla Motors (and PayPal founder)has indicated at the TieCon conference that Tesla will IPO by the of 2008 and seek to raise 100 million. Musk wants to raise more financing to bring the company to profitablity and begin production on its luxury sedan, codenames White Star by 2010.
Musk has made bold predictions for what will happen 30 years from now – a man on mars, solar the #1 source of energy and the majority of cars will be electric. Perhaps not so bold considering the advancements we’ve seen over the past 30 years.
