 Tesla is planning a trio of new vehicles including a hot sports Cabriolet, in addition to its Model S Sedan. (Source: Tesla Motors via Autoblog)
 Tesla Motors claims to be winning the range battle over would be competitors GM, Ford, and Nissan. (Source: Tesla Motors via Autoblog)
 Tesla is adopting liquid cooling for its vehicles. (Source: Tesla Motors via Autoblog)
A cabriolet, van, and crossover/SUV are on the menu
Tesla
Motors CEO Elon Musk has nearly succeeded in bringing his company
public, despite personal
financial issues that have prevented him from pouring more
venture capital into the firm. The initial public offering
was announced
in late January, but is on the verge of completion -- possibly
coming as soon as next week.
This will be the first major IPO
of an American automaker since Ford Motor Co. went public in 1956.
It comes at a time when Tesla is phasing out the first generation of
its high-end luxury roadster, and preparing to sell an entry-luxury
sedan, the
Model S. Tesla also recently received $50M
USD from Toyota to help it develop electric vehicles.
One
of the biggest dangers of an IPO is underpricing. Many IPOs
have been underpriced over the last several decades, leading to
companies missing out on a large amount of vital revenue. To
help prevent that Tesla is holding its Road Show, going before heads
of top Wall Street investment institutions to try to convince them
how much the company is really worth.
In a slide #19 of an
impressive Road Show presentation delivered by Musk, he reveals a
trio of upcoming all-electric vehicles. The first up is a hot
new cabriolet (hard-top) design. The model seems like a direct
response to Fisker's
Karma S "Sunset" convertible.
Also incoming
are a van and SUV/crossover. Both have a lot of curves and look
kind of bulbous. Whether you love or hate the designs, you have
to admit, they would stand out in a parking lot.
Musk also
revealed other intriguing tidbits in the presentation. Among
them, Tesla Motors will be adopting liquid cooling for the high power
electronics used in its electrical vehicles. Liquid cooling,
commonly used in gaming and high performance computing, can be even
more effective than forced convection and could allow for higher
performance and longer ranges.
Tesla also plans to liquid cool
its motors, starting with the Model S.
The full Road Show
video can be watched
here.
Tesla plans on
offering 11.1 million shares of stock. It is hoping to sell
them at a price between $14-$16 USD, raising a target total of around
$167M USD
"There is a single light of science, and to brighten it anywhere is to brighten it everywhere." -- Isaac Asimov
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