Next Generation Tesla, Cheaper & Profitable?

Days of Roadster numbered in North America, but Model S due out in mid-2012, with a Generation 3 model to follow.

Published: 27-Jun-2011

Tesla Motors can design cool-looking electric cars. Now it has to show the world that it can steer its finances just as well.

CEO Elon Musk said this week that Telsa's iconic Roadster electric sports car will no longer be on sale in the U.S. within a few months, marking a turning point for the company which helped catalyze an industry-wide technology shift to electric propulsion.

The move will cut off Tesla's main revenue source and start a transition to a new product--the Model S electric sedan. Whereas Tesla has still sold fewer than 2,000 Roadsters, the Model S will be made entirely by Tesla at a whole different scale of production in its new factory. That means still-unprofitable Tesla enters a period where it has little room for error as it takes on big changes in how it does business and its underlying product.


Tesla Roadster recall affects 439 vehicles

12V auxiliary cable chafing in one car lead to short circuit. ID numbers below 500 are not affected.

Tesla Model S will come in three version with different ranges.

Model S battery pack is flatter and nearly the width and length of the car, and is embedded in the floor of the electric car.

2009-2011 Toyota RAV4 Sport is due for major facelift, including all-electric drive option being developed by Telsa Motors

Agreement is in addition to $50M Toyota paid for shares of Telsa in July 2010.


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