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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 9:17:09 PM , Rating: 2
First off, there are many many private companies where the owners have a genuine passion for their product and what they are doing.

There most certainly are and I have great respect for that. Still a business needs to make money else it will close so there is no way around that #1 priority. However it is certainly so that most business care for not only the money but also for their employees, the community, their customers and so on.

I have worked in both big and small companies and right now I work for a Government owned organization. I think that I have some experience to build on when I say that companies can be just as inefficient as organizations in the public sector and vice versa. Also what some companies do may not really be for the best of other than their owners.

Take a look at the mess BP has made in the Gulf. Now some may want to put the blame on MMS (The government office meant to control their doings - I hope I got the acronym right) but if the private sector was perfect then BP would have made sure there was no spill. And how about Enron, Fannie Mae and the others!

With respect, I offer that this is the LARGEST factor.

It could be only there are several other nations on the globe with similar systems and of similar population size so there is more to it. The big question to me is cause and effect.

Your government is socialist, and I don't mean that as an insult, but that's what it is.

None taken. Even though I do know many in the US will mean it like that:-)

The larger the population, the larger a Socialists government becomes. The larger the Government, the more waste, corruption, and inefficiency becomes.

I'd say this goes for all sorts of Government and for companies as well. As soon as the leadership and the people/workforce becomes separated by to many organizational layers then sense of common direction, purpose and responsibility gets lost.

RE: Government subsidies
By Spuke on 7/7/2010 3:04:20 PM , Rating: 2
And how about Enron, Fannie Mae and the others!
Fannie Mae is not entirely private sector so I would be inclined to remove them from your short list.

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