Tesla Roadster 2.5 Revealed, Two New Stores Open
July 2, 2010 2:58 PM
Tesla Roadster 2.5
(Source: Tesla Motors)
Extended production sales leads to the electric sports car's makeover
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
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
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."
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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