SYNDICATED NEWS
PHOTO CAPTION: Tesla will begin Model S deliveries in June 2012.

Tesla Stock Jumps on Early Model S Delivery Announcement

With reservations topping 10,000 orders, Tesla expects to deliver 5,000 Model S sedans by the end of 2012.

Published: 11-May-2012

Tesla Motors Inc (TSLA.O) will start delivering its Model S sedan to customers next month, slightly earlier than the electric carmaker had previously projected and a sign of progress for Tesla's most crucial launch yet.

Shares of Tesla shot up 8 percent in trading after the market. The stock closed at $30.06 on the Nasdaq.

Tesla has described 2012 as a "year of two halves" with the Model S launch as the dividing line. Ninety percent of the company's revenue this year will come from the sedan.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Tesla Roadster used to for John O'Groats to Land's End drive.

Entire HPC network was installed for £20,000, compared to four council-funded low power charging points in Taunton that cost the taxpayer £30,000.

Tesla Model S

Shares should raise more than $200 million, some of which will be used for fund third model called the Model X.

EV World publisher Bill Moore poses with Tesla Roadster at company's Washington, D.C. showroom.

Full production run will end at 2,500 vehicles for all markets, and according to Elon Musk most of the U.S. allocation now has been spoken for.

READER COMMENTS

blog comments powered by Disqus