Tesla Motors filed paperwork Friday with the Securities and Exchange Commission for a proposed initial public offering hoping to raise as much as $100 million. Oh, good, because they lost $31.5 million in the first nine months of 2009.
The company announced Friday that it has filed the registration statement Form S-1 with the SEC for the proposed public offering, which according to the form notes the stock would be issued "as soon as practicable." We don't even know what to say about this we're so flabbergasted so we'll just say — good luck with that.
So we guess given the current burn rate, that'll last them two years or so. Again, good luck with that.
The first 8 pages of the filing are here with the pretty pictures. The rest can be found here.
[via Wired: Autopia]