Indiana Grain Company, LLC

Posted: 06/28/10

By: tomgrisafi

Tesla Motors has always wanted a high profile.

It will be mission accomplished as of Tuesday, that's when many will be watching NASDAQ to see how well the tech savvy company is received by the public in their Initial Public Offering.

Tesla Motors is banking on investors and visionaries buying into their future growth. To see that far out in the high end electric vehicle market is a tough sell. But Tesla has done its best to convince listeners that they have something to offer the clean economy. Despite the economic downturn.

CEO Elon Musk has literally poured everything he owns into this venture. He's counting on some of his friends in Silicon valley to help him out.

He did start Paypal... and that must be good for something.

Tesla Motors will trade on Nasdaq under the symbol "TSLA."

Industry analysts expect shares to be priced in a range of $15 to $18. Tesla is banking on a variety of models in the $50,000 plus range, which isn't bad given that they accelerate faster than any street Ferrari.

Electric vehicles, however, do not have to build up Torque like combustion engine cars. I want one. Never mind that I might have problems at first finding a charging station or service. Charging stations shouldn't be a problem in California.