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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: Government subsidies
By BZDTemp on 7/3/2010 9:24:26 AM , Rating: 1
For sure the formula to happiness is not a easy one and it also it not like we all want the same.

Part of what helps people here be happy is that safety in all aspects of life is ensured. It may sound a bit dull if you're young and immortal but I'm very certain anyone being a parent or at an age where ones own parents are retired will agree that safety is important.

If you loose your job there is no worries on what if you or a family member gets ill. If you should have the rare misfortune of having a child with a severe disability the you can choose to stay home with that child and the government will cover your normal salary till the child is 18.

If you are unemployed you are ensured money to make a decent living. There may not be money for nice holidays every year or nice designer clothes but you will have money for food and an okay place to live and so on. A system like this means a few people will become free loaders but it is a minority and for sure it is worth something knowing that your fellow man will never have to live on the street.

We have crime but very little. Corruption is pretty much none-existing and our democracy is transparent.


"I'd be pissed too, but you didn't have to go all Minority Report on his ass!" -- Jon Stewart on police raiding Gizmodo editor Jason Chen's home














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