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Tesla Roadster 2.5  (Source: Tesla Motors)
Extended production sales leads to the electric sports car's makeover

The Tesla Roadster is receiving its fourth major production update with the new Roadster 2.5, a revised version of the electric sports car with a new grille and rear bumper.

The 2011 Tesla Roadster 2.5 received an updated grille that resembles the design of the Model S as well as a new rear bumper with a diffuser element. Other cosmetic changes include more comfortable seats, improved surface finishes and an optional seven inch touchscreen display that includes a backup camera. So far, there are no powertrain changes to the vehicle.

Earlier this year, Tesla planned to stop production of the Roadster and announced in a Form S-1 filing of its preliminary prospectus with the U.S. Securities and Exchange Commission that the company would replace the Roadster with a new model that would be introduced in 2013 at the very soonest. 

But in March of this year, the auto company said they negotiated further with key suppliers and felt they could increase the Roadster's production by 40 percent, extending sales into 2012. Undoubtedly, Tesla's recent success with their initial public offering, which helped the automaker earn over US $226 million from share purchases, has put the company in a better financial place and is helping them stay on track with the 2012 goal. 

Originally, the shares were expected to sell for $14-$16 a piece, but ended up selling for $17. In addition, there was an increase in the number of shares sold. Tesla planned to release 11.1 million shares, but released 13.3 million shares instead, and at a higher cost, which makes this a triumphant success for the auto company. Though, only 17 percent of shares have been sold to the public.

Tesla stocks are now over $21.50 a share, and Tesla is valued at US $1.33 billion. With the IPO's help in bringing Tesla out of a financial crisis, the company's production plan consists of releasing the Roadster 2.5 in 2011 and the Model S in 2012. In addition, the automaker has opened two new Tesla stores in Newport Beach, California and Copenhagen, Denmark. 

No prices on the Roadster 2.5 have been released yet, but the vehicle is available for order and will appear in Tesla stores everywhere "soon."

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RE: eye candy for people with too much money
By muhahaaha on 7/3/2010 8:49:36 AM , Rating: 2
It's nice that someone agrees with the facts.

This site is getting overrun with brainwashed, PR kool-aid drinking tards.

Do your own research if you doubt me.

What do you think that 50 thousand electric cars are going to do to the electric grid?

Oh, and did you know that most of our electricity is produced by burning fossil fuels?

So explain to me how electric cars are green.

And now I'm going to have to worry about my neighbor sneaking an extension cord onto my outside outlets and "filling up" for free.

RE: eye candy for people with too much money
By muhahaaha on 7/3/2010 9:09:34 AM , Rating: 2
Seriously, do you understand the implications of electric cars?

Now, each of us are effectively potential gas station.

There will be a new kind of theft coming to you soon.

I'm going to have to padlock the outlets on my front porch which I use for my Xmas tree lights or my boom box.

This is not going to push green energy in any way.

By timmiser on 7/4/2010 4:37:15 PM , Rating: 2
Really? Can you imagine? Your neighbor sneaking over with his orange extension cord and plugging into your outside outlet and then come back 4 hours later to unplug? While he's over on your property, he can go ahead and hook up his garden hose to water his lawn and then splice into your cable TV and internet at the same time. Yep, this whole electric car thing is just what it will take to make your pesty neighbors go wild. Next up: Drive by pluggers!

By shin0bi272 on 7/3/2010 9:44:41 AM , Rating: 2
all the more reason for solar panel subsidies! </sarcasm>

"Nowadays you can buy a CPU cheaper than the CPU fan." -- Unnamed AMD executive

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