has big plans, and to finance them it plans to raise big money. How? First, with an influx of venture capital that could put 10-percent of the company in VC hands. There has also been talk of an IPO
, which Chairman Elon Musk
thinks could raise $100 million dollars, and Musk said he plans to take the company public by the end of this year. And to make sure Tesla's coffers are topped up, the company plans to partake in a loan guarantee program offered by the U.S. Department of Energy for up to $200 million.
With a potential $300 million in the bank, not including the initial public offering, Tesla could get serious work done on the Whitestar sedan. Tesla hopes to have the sedan in production by 2010. If you're liking the sound of all this and want to know how you can get some Tesla stock, we recommend buying a Tesla. Musk wants to reward believers, and is trying to figure out how the company can offer customers the chance to legally buy in before the IPO.