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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 Reclaimer77 on 7/4/2010 9:24:44 AM , Rating: 0
More cooked up slanted stats against the U.S. Nothing new to see here.

RE: Government subsidies
By Dewey115 on 7/4/2010 4:42:53 PM , Rating: 2
Where are your objective sources that prove that the statistics are slanted? I find that comparing apples to apples provides a pretty objective view. Comparing how much something costs in american dollars compared to how much something costs in american dollars seems to be pretty straight forward in my experiences. I prefer debates that use facts, not just your opinion. Anyone can say "your wrong because I said so" so step up and show some factual basis for what you are saying.

RE: Government subsidies
By Reclaimer77 on 7/4/10, Rating: -1
RE: Government subsidies
By Dewey115 on 7/6/10, Rating: 0
RE: Government subsidies
By Dewey115 on 7/6/2010 3:52:04 PM , Rating: 1
I dont know why I cannot post links, this is just stupid. I see others post comments but when i try I get a "This comment is apparently spam and we do not allow spam comments" and it wont let me post. If you actually want to know I can e-mail you the links for the facts that I stated.

RE: Government subsidies
By Dewey115 on 7/6/10, Rating: 0
"Google fired a shot heard 'round the world, and now a second American company has answered the call to defend the rights of the Chinese people." -- Rep. Christopher H. Smith (R-N.J.)

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