Tesla Files For $100 Million IPO

AP Tesla1

Elon Musk is inching closer to realizing his dream.

Tesla has filed for a $100 million IPO.

The company reports sales for the first three quarters of 2009 of $93.4 million.

Over the same period its net loss was $31.5 million, an improvement from the $57.3 million loss it had over the same period in 2008.

The underwriters are JP Morgan, Goldman Sachs and Morgan Stanley.

We're reading through the filing...

s1 tesla

hopefully this ignites the green movement for automobiles, batteries, etc...  i think this is going to be one of the sexiest IPO's of 2010...

an interesting look at chinese social networks and the app economy

http://www.insidesocialgames.com/2010/01/28/a-look-at-the-app-ecosystem-on-china%E2%80%99s-renren-com/

top apps resemble facebook top apps.  also, some interesting tidbits:

Major features:

  • Standard feature set: status updates, notes, photo albums, gifts, and fan pages
  • Prominent ‘Apps’ tab from homepage, another ‘Add apps’ link in left navigation
  • Prominent virtual currency store link directly from the homepage
  • A ‘VIP’ upgrade that, for an affordable 10 RMB a month (or about double the cost of a cheap lunch), allows users to increase the limit on their friend count to 2,000 (from the current 1,000), increase the number of messages they can store in their inbox, have access to additional profile customization features (special ’skins’ and other self-expressive elements), and even get free antivirus