Thursday, August 22, 2013

Tesla Motor Cars Shares Climbing Steadily On Strong Sales Of Tesla Model S

Tesla Motor Cars Shares Climbing Steadily On Strong Sales Of Tesla Model S

By Holly Kistler


Tesla Motors, Inc. (NASDAQ: TSLA) is manufacturer of electric cars as well as powertrain components for electric vehicles. Tesla Motors became quite popular in the United States after launching its Tesla Roadster, the first complete electric car. Tesla followed it up with the Model S, a full-sized premium electric sedan.

The growth of Tesla motor cars with the Roadster was significant, since it sold over 2,400 Roadsters between 2008 and September 2012 in 31 countries. The actual mileage achieved by the Roadster during testing was a staggering 245 miles or 394 km per charge. The top speed of Roadster is 125 miles per hour or 201 km per hour. Further, it could accelerate within four seconds from zero to 60 miles per hour or 97 km per hour.

Musk took a very active role in developing the first electric car for Tesla Motors and got himself deeply involved in the design of Tesla Roadster. Musk insisted that the Tesla motor cars should have carbon fiber bodies. He also concentrated on designing components suitable for the electric car, ranging from power electronics modules to headlamps, along with several styling cues.

The goal of Musk and Tesla Motors was to create affordable electric cars for mass markets to reduce fuel and gas consumption. When Musk completed the design of the Tesla Roadster in 2006, Mikhail Gorbachev presented the product design award of Golden Green 2006 to him. Musk was also instrumental in raising the necessary finance for Tesla motor cars production through several rounds of external finances.

Tesla expanded its market for the Roadster to Japan, Hong Kong, Singapore, and Australia. However, Tesla was forced to stop accepting orders for the Roadster from 2011 in the U.S., after the supply of Lotus Elise gliders came to an end when its contract for 2,500 gliders with Lotus Car expired by the end of 2011.

However, the Tesla motor cars would not be abandoning its prototype, the Tesla Roadster completely. It plans to reintroduce the Roadster in 2014 but it would be based on an altered and shortened architecture version that Tesla has developed for its latest Model S, a huge success.




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