Tesla Motors Plans IPO

Add Tesla Motors to the list of companies planning to avail themselves of what may, or may not, be a fledgling IPO recovery this year. The electric car maker said Friday that it’s planning an initial public offering to raise up to $100 million.

Tesla’s S-1 form doesn’t specify the share price or where the stock will be traded. It does, however, note that stock will be issued “as soon as practicable”–whatever that means. A few other details worth noting:

• Goldman Sachs (GS), Morgan Stanley (MS), J.P. Morgan (JPM) and Deutsche Bank (DB) are listed as underwriters.
• To date, Tesla has sold 937 Roadsters in 18 countries.
• Tesla had sales for the first nine months of 2009 of $93.4 million. Losses for that same period were $31.5 million
• Since its inception, Tesla has had revenue of $108.2 million, with cumulative losses of $236.4 million.