Tesla Motors, most widely known as a U.S. electric sports car maker, may soon go public with an Initial Public Offering (IPO). Typically issued by an up-and-coming company looking for capital to expand, an IPO may also be filed by a large privately-owned company hoping to be publically traded. An IPO will consist of common stock or shares presented to the public for the first time. In addition to the strong reappearance of electric vehicle technology, Tesla Motors continues to demonstrate that the future of green technology for automobiles is very bright.
According to a reuters.com article, an IPO filing by Tesla Motors, manufacturer of a $109,000 all-electric Roadster, may be confirmed soon. If the public offering goes through, it would be the first from a U.S. automaker since Ford Motor Company in 1956.
With the Obama administration’s goal of having approximately one million rechargeable vehicles on U.S highways by 2015, and with the support of low-cost Department of Energy loans for manufacturers, there may be quite a significant increase in electric vehicles on California roads in upcoming years.
Buying a new or used vehicle, electric or not, is an exciting experience. However, if a component of your vehicle is defective, then the use, value, or safety of the vehicle may be compromised. If that happens, a buyer may be entitled to a free replacement car or a refund of their money under the California lemon law.
If you believe you have a lemon vehicle, Howard D. Silver may be able to assist you. Please contact the Law Offices of Howard D. Silver for a free consultation. Call (855) 341-2611 today for more information.
Source article: http://www.reuters.com/article/idUSTRE5AJ41M20091120