Corporate
Jul. 7, 2010
Tesla Business Model: Brilliance Or Impending Disaster?
Tesla Motors' rejection of the much-embraced franchised dealer sales system in favor of company owned stores is a historical first, writes Jonathan Michaels of Michaels Law Group.
Last week marked an epic event in the automotive industry when Tesla Motors launched its ambitious effort to raise $185 million through a public offering of 11.1 million shares of stock. The IPO was historic in that Tesla is now among the ranks of only a small handful of U.S. auto manufacturers to have ever had a public offering (General Motors, Chrysler and Ford, to name a few); the offering was notable in that this is the first time...
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