SAN JOSE, Calif., Feb. 1 (UPI) -- Tesla Motors Inc., a California maker of all-electric vehicles, is ready to go public, a filing with the U.S. Securities and Exchange Commission shows.
The plug-in electric vehicle company is aiming to raise $100 million with an initial public offering, a move that "could propel them into a more prominent position in the auto industry," said David Menlow, president of IPOfinancial.com.