Tesla Motors prepares for IPO

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Tesla’s chairman Elon Musk mentioned in a conference today that Tesla Motors will be going public before the end of 2008. New technology can be risky when it comes to pleasing Wall Street. History has shown that investors sometimes buy tech stocks for the hype or for emotional reasons and then when the math adds up the stocks eventually spike down and level off. Elon also mentioned that the majority of new cars 30 years from now will be pure electric. We sure hope you’re right about that Elon. Good luck on opening day!

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