Good News for The Telsa Electric Car Company

Recently almost the entire management staff at Telsa was replaced, and the owner mentioned that the cars were being sold at less than cost.

The price of the roadster has gone up to $109,000 which is good news for them. The bad news was that they failed to to complete a $100-million round of venture funding and had turned to low-cost federal loans as an option for financing.

Now more good news. The Daimler Company,which owns Mercedes-Benz, has just purchased 10% of Telsa and acquired a seat on the board of directors. Daimler has also ordered 1,000 of the advanced lithium-ion batteries from Telsa. This new joint venture means that Telsa should be around for a while, and we may really see the $57,400 Model S electric sedan. Tesla plans to build the car, which gets 160 to 300 miles on a single charge-up. It has been shown as a prototype, but without some type of additional funding chances were that the car would not have been built.

Telsa is unique in that they produce a pure electric car and not a hybrid that uses both electric motors and a gasoline engine.

Recently the company was featured on a TV show and all of the owners seemed to love their new car. I remember the interview with one former Corvette owner. No more corvettes for him, he was now sold on the Telsa roadster. High praise indeed.

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