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 Reclaimer77 on 7/4/2010 5:20:10 PM , Rating: -1
Well that's easy. You see lots of statistics ranking America really low in all kinds of things, which is absurd anyway, but when you see how they were obtained you realize how flawed the methodology is.

Easy example. You stated the "cost" of someones health care is "1000%" higher than whatever other country you brought up. But that's impossible to factually say, because the cost of health care in typical Socialist European nations is directly tied into sales tax, a "VAT" tax, and other taxes. But it's impossible to determine that percentage you gave, because you don't know how much every person buys and contributes to the tax health care pot, do you?

Also those systems have the Government DIRECTLY engaging in cost controls, while our system is still free market. Of course costs look lower when the government is directly setting them, but the only way to effectively control costs is to engage in service reduction. You honestly rather have a bureaucrat somewhere deciding what they will and won't pay for? At least with an Insurance company, you can go somewhere else. What recourse do you have when the government, who runs the system, says they won't cover you? Or that you have to wait 6 months for something? None.

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.

Where is your facts and links that show we pay "1000%" more in health care costs? You're being a hypocrite, you posted no referred facts yourself. And please, I said facts, not the Wikipedia. And we all know how flawed and biased the World Heath Organization's study is, so don't bother with that either.

Plus the premise for your argument isn't grounded in reality. We DON'T CARE what the rest of the world is doing. The rest of the world is SHIT, it's a good thing that we do things different. As bad as our economy is, the European Union is crumbling at the moment.

And by the way, idiot, I guess this is ALL a moot point. Because we stupidly PASSED a European style nationalized Health Care system as of this year. I can't wait, because then every moron like you, when they realize how shitty it is, can finally admit they were WRONG. And that, despite the costs and problems, we already had the greatest system on the planet.

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
"I'm an Internet expert too. It's all right to wire the industrial zone only, but there are many problems if other regions of the North are wired." -- North Korean Supreme Commander Kim Jong-il

Most Popular ArticlesAre you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Leaked – Samsung S8 is a Dream and a Dream 2
September 25, 2016, 8:00 AM
Yahoo Hacked - Change Your Passwords and Security Info ASAP!
September 23, 2016, 5:45 AM
A is for Apples
September 23, 2016, 5:32 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM

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