Tesla’s $100M IPO: Losses Expected Until At Least 2012. Musk Taking $1 A Year.

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Electric car company Tesla Motors has filed for a $100 million IPO. There were rumors recently floating around that the company, which is led by PayPal co-founder Elon Musk, would go public “soon.” One interesting tidbit from the filing: Musk only takes $1 in yearly salary.