
Tesla Motors chairman is Elon Musk, who founded PayPal, making billions there. Besides trying to launch the first commercial space rocket, he also funded Tesla Motors in the interest of producing electric cars.
In his post yesterday on the corporate blog, he tells us Tesla expects to begin Roadster production in earnest in the Spring of 2008. In case you don’t know, the Roadster is a two-seater sports car with about 250 miles range per charge.
He also assures potential customers that their plan to build a $50,000 sedan is still a go and that the car will be unveiled in the first half of next year. He notes they plan to build 10,000 of these “model 2’s” per year, whereas the $100,000 Roadster will be built at a rate of 2000 units per year.
Musk goes on further to note a 3rd even less expensive model will follow. He confirms that Tesla too plans to build an REEV (as opposed to GMs term E-REV) for “range-extended electric vehicle”, and mentions Tesla will eventually go IPO.
Will they be able to rise up and compete with the General? I don’t know, but at least they are based in the U.S.A.
Source (Tesla)