Corrected, Sunday 9:30 a.m. This blog incorrectly described Musk's relationship with the company. He is chairman of Tesla Motors.
SANTA CLARA, Calif.--Elon Musk, the chairman and major funder of Tesla Motors, said here Saturday that he plans to take his electric sports car company public by the end of 2008.
Before the IPO, however, Musk said he will raise a series E round of financing to bring the company to profitability and begin production on Tesla's luxury electric sedan, codenamed White Star, by 2010. The goals will be reached by selling a roughly 10 percent … Read more