Silicon Valley’s Tesla Motors has released a teaser photo of their model S sedan, which has been delayed by the company’s financial and leadership crisis.
The model S was originally slated to go into production in 2010 with a 225 mile range on a single battery charge, all for a estimated price of $60,000. Founder and current CEO, Elon Musk, stated that the sedan would be delayed until the company receives loan guarantees from the US Department of Energy and investors loosen up their terms. With the delay, the model S will face new competitors such as the Chevrolet Volt, Honda Insight, and the redesigned Toyota Prius, all of which will cost significantly less then the Tesla. Musk doesn’t seem too concerned, but potential investors most likely are.
Extensive cost cutting has led the company to close their research and development center in Michigan and layoff a large number of employees. The only good news is that the $100,000 Tesla roadster currently has 1,200 backorders and is now profitable.
Tesla Model S Sedan Chief Designer Gives a Tease
Production delayed
Tesla Model S Sedan
by Michael Gauthier
October 24, 2008 11:50 PM
Filed Under: American, Electric Vehicle, Green, Specialty Marques
October 24, 2008 11:50 PM
Filed Under: American, Electric Vehicle, Green, Specialty Marques
Comments
Tuner_Mad
October 25, 2008 12:24 AM
Hmm, Carbon fiber diffuser? Already looks more interesting that the rivals, but looks like it will be pricer than the rivals. =P
Bristol411S3
October 25, 2008 2:11 AM
Is this based on that Lotus cross-over looking thing? What is called the APX or something?
mmr66
October 25, 2008 11:18 PM
the point is that if you want a green car now all you have to chose from is the prius the volt or the honda all crapy cars but the tesla is a luxury car but green to so rich people can be green and look cool i think.
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