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.

"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

Full Story: Tesla Says It Will Lay Off Employees and Delay Its All-Electric Sedan Until 2011

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95
Book cover of Contemporary Debates in Urban Planning

Contemporary Debates in Urban Planning

Featuring thought-provoking commentary and insights from some of the leading thinkers and practitioners in the field.
$18.95