An IPO filing from the six-year-old start-up, best known for its $109,000 all-electric Roadster, would mark the first public offering from a U.S. automaker since Henry Ford's Ford Motor Co debuted its shares in 1956.
Analysts have said an IPO by Tesla would also underscore the growing investor and industry expectations for electric car technology over the past several years.
The Roadster, which is built on a Lotus frame, can go from zero to 60 miles an hour in less than four seconds, making it faster than a Porsche 911 or a Ferrari Spider.
Tesla has been granted $465 million in low-cost loans by the U.S. Department of Energy to help build the new Model S in California.
Musk said that Tesla was targeting production of up to 20,000 Model S sedans per year when its new factory is fully functional.
"Whenever we go public -- if we go public -- it's just a milestone and we have a lot to do beyond that," said Musk.
Tesla's investors include individual investors including Musk and Google Inc GOOG founders Sergey Brin and Larry Page.
Other investors include Draper Fisher Jurvetson, Daimler AG; Abu Dhabi-based Aabar Investments, which owns a stake in Daimler; and funds Valor Equity Partners, Technology Partners, The Westly Group and Compass Venture Partners.
Ronn Motor Company has developed a leading edge design, environmentally friendly, finely built, premium automobile, balancing eye-catching great looks and stellar performance with an eco-responsible, alternative power system as the most efficient and effective means to deliver, market and showcase their proprietary systems.
The Scorpion HX™ is a rear engine, hydrogen fuel injected hybrid vehicle, competing in the exotic car industry. It features the latest in engine technology pairing together their proprietary real time hydrogen injection solution with the new aluminum and magnesium V-Tech, V-6 Type S motor from Acura. This engine produces nearly 300 horsepower stock and with the RMC upgrades including twin turbos the engine produces 650 horsepower, all while maintaining superior fuel consumption ratings.
The Scorpion features the exclusive and proprietary H2GO™ real time Hydrogen Injection fuel delivery system. This technology consists of a system that generates hydrogen and oxygen from distilled water in real time as the Scorpion HX™ moves down the road and delivers these gases to the air intake of an internal combustion engine.
The H2GO™ system reduces engine emissions, enhances engine performance and improves fuel consumption efficiency. The system provides hydrogen, which is injected directly into the engine, without the need for on-board, high pressure hydrogen storage tanks. This alternative fuel approach provides the Scorpion HX™ with a very economical 40 miles per gallon and reduces CO2 emissions to nearly zero.
The Sorpion HX Retails for $250,000