Print 97 comment(s) - last by Spuke.. on Jul 7 at 3:04 PM

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."

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: Government subsidies
By shin0bi272 on 7/3/2010 9:36:51 AM , Rating: 0
Our current regulation stemming from from the depression era tend to be good intentioned but has serious repercussions.

Wait you mean a social program designed to take money from the young working people and give it to the old non working people who supposedly paid into said program all their lives has serious repercussions?! </sacrasm>

But yeah seriously these lefties need to also read "The Road to Serfdom". It outlines why their leftist ideals that the communists in the teachers unions have been preaching for 100 years in about 200 pages.

In a completely capitalist society the market will decide what is good an what is bad. If theres a car company thats selling crappy looking cars that are over priced and of lesser quality then no one will buy them and they will go out of business. But in America "the government knows best" and they buy out that car company and put the unions that drove up the price and drove down the quality in charge of the company. Thus they artificially create competition with your tax dollars because their friends in the union couldnt compete in a capitalist society. That's also not even touching on the CAFE standards or any of probably 2 dozen other laws governing the creation of an automobile.

It just makes me wonder why I even come here since its mainly populated with lefties from europe who think the polar ice caps are about to melt and their entire country will be under water. They wont listen to you or even nobel prize winning economists that say that keynesian economics doesnt work. Cause in their little world when the government takes a dollar from a rich person and gives it to a poor person that dollar magically generates 3 or 4 dollars in the economy. Heh yeah and monkeys might fly out of my butt!

RE: Government subsidies
By knutjb on 7/5/2010 6:03:09 PM , Rating: 3
Apparently the facts and history aren't well liked or appreciated by those on the left...

"Young lady, in this house we obey the laws of thermodynamics!" -- Homer Simpson

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki