 |
PM |  | |
Quote | | |
Reply | | |
Full Topic | |
| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
| Status: |
Offline
|
| Mana: |    |
But this initiative isn't very ambitious (so far - let's hope it gets expanded). This won't stop private companies from forging ahead on their own, but it would certainly be good if governments had bigger goals.
What?
Is that another case of "destroy the competition"?
Here is a company that is "forging ahead on thier own":
http://www.teslamotors.com/
Jay Leno has an electric car:
http://vodpod.com/watch/723221-jay-leno-and-his-tesla-roadster
This just in:
http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE5AJ41M20091120?rpc=64
Tesla would mark the first public offering from a U.S. automaker since Henry Ford's Ford Motor Co debuted its shares in 1956. The IPO represents a landmark in the resurgence of electric car technology that most carmakers had dismissed as impractical until recently.
The company's chairman Elon Musk said early last year that an IPO was a possibility in either late 2008 or 2009.
But the financial market turmoil following the collapse of Lehman Bros. in the latter half of 2008 virtually shut down the IPO market. The appetite for IPOs has picked up since mid-September this year with a robust pace of new filings.
Tesla's IPO would follow the successful debut of lithium-ion battery maker A123 Systems, whose shares rallied 50 percent on their first day of trading on Sept 25.
Analysts have said that the success of A123, the first green technology IPO this year, would encourage more venture capital-backed green companies to go public.
Tesla will compete with established automakers like Ford, General Motors and Nissan Motor Co, all of which are racing to launch electric or plug-in hybrid vehicles. Tesla, by contrast, is a small player with a high-end market and limited production.