Featured Articles

UPDATE: More On Tesla’s Troubles – Model S Production Delayed

Posted in Electric Cars, Expensive Cars, New Cars, Newsworthy, Plug-In Vehicles, Roadster, Scandal, Tesla by Vito Rispo | October 15th, 2008 | Leave a Reply |

Earlier today we brought you news about the proposed layoffs and CEO switch at Tesla Motors. Now it looks like Tesla’s five-passenger sedan, the Model S, is going to be delayed as well. Instead of 2010, look for the Model S to be out and about roughly mid-2011.

From the Tesla Blog:
“The global financial system has gone through the worst crisis since the Great Depression and the effects are only beginning to wind their way through every facet of the economy. It’s not an understatement to say that nearly every business will be impacted by what has unfolded in the past weeks, and this is true for Silicon Valley as well.”

Musk said that Tesla is going to renew their focus on the Roadster and on selling electric-drive “powertrain” equipment to other car companies to try to jump-start their financials. Still no hard numbers on how many people will be laid off, although Musk said the reduction would be “modest”. Since the company only has about 250 employees, we can assume that the original estimate of 100 was a bit high.

“The net result will be a delay in the start of production of the Model S of,” Musk said.

(via Tesla Motors)

Our Best Articles

Leave a Reply

Your email address will not be published. Required fields are marked *