Tesla Laying Off Employees and Delaying All-Electric Sedan

Electric car start-up in Silicon Valley said Wednesday that it would lay off employees and delay production of its second car, the Model S, until 2011.
October 18, 2008, 9am PDT | rbregoff
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"Tesla, the poster child for the Valley's push into "clean technology," has had a particularly difficult year, with previous layoffs, executive turnover and production delays for its first car, a $109,000 all-electric roadster, as well as the Model S sedan."

"The Model S, which is intended to travel 200 miles on a single charge of its lithium-ion battery pack, is expected to sell for around $60,000. It's introduction will now be delayed from 2010 to mid-2011, six months after General Motors is expected to offer its electric Chevrolet Volt.

In September, Tesla announced that it would lease 89 acres in San Jose to build a headquarters and factory."

Thanks to rob bregoff

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Published on Thursday, October 16, 2008 in The New York Times
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