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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 8:45:30 PM , Rating: 1
Pretty much :-)

I forgot to mention that the OECD is behind some of the studies. Plus that we are not just happy but also the third most friendly place to do business trailing only you guys and Switzerland.

RE: Government subsidies
By Reclaimer77 on 7/3/2010 8:54:01 PM , Rating: 1
LOL well I doubt we're very high up on the list anymore. Given the blatant anti-business agenda of our President and Congressional leaders.

RE: Government subsidies
By BZDTemp on 7/3/2010 9:39:32 PM , Rating: 1
Maybe - maybe not.

Remember we have socialism and still manage to stay in the #3 position :-)

For instance over time the public health care reform could lead to a work force being less afraid of losing their jobs. That again could mean a work force demanding more of their leaders (not just money but influence and more) but also making good companies stronger.

I think your current President has done much for the US in making the world see the US in a more positive light and I'm sure that makes a difference when US companies want to make business importing and exporting.

The growing focus on green thinking is also something which I think will benefit in the long run. There simply is no getting around the fact that oil will run out in a not to distant future so moving towards oil independence is necessary both political and financially.

Right now we, Denmark, is the world leader in making Windmills thanks in part to a few decades of Government support for the industry. It is fast growing industry so there is a ongoing battle for market shares. The Chinese are moving into this market and there are also some US players which will be helped a lot by the increased focus on green thinking. In fact the Danish wind mill companies have all started up production in the US which is good for us but certainly also for the US.

"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad

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