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Tesla Delivers 700th Vehicle, Closes New $82.5M Round

Tesla Motors delivered its 700th vehicle Tuesday at the Frankfurt Motor Show, where it also unveiled the production version of the Roadster Sport.

Tesla CEO Elon Musk also announced that the company had raised an additional $82.5 million in private equity, led by new investor Fjord Capital Partners of London, along with existing investors Daimler, Aabar Investments and other unnamed backers.

Musk and Tesla Chief Designer Franz von Holzhausen unveiled the production version of the second-generation Roadster and the even higher-performance Roadster Sport supercar. The Frankfurt Motor Show also marked the European debut of the Model S, an all-electric, seven-passenger sedan that Tesla plans to begin producing in late 2011.

The Roadster 2, which Tesla is building and shipping to customers now, features an array of enhancements over the first-generation car, which Tesla began producing last year. Those include a more powerful heating, ventilation and air-conditioning system, more comfortable seats and a more luxurious dashboard and cabin. The interior is quieter than its predecessor, and the ride is more forgiving over harsh surfaces without sacrificing handling performance.

The Roadster Sport, which Tesla is also building and shipping to customers now, is an even higher performance car that does 0 to 100 km/h in 3.7 seconds, compared to 3.9 seconds for the standard Roadster. The Sport includes a more powerful motor, custom-tuned adjustable suspension and forged wheels. A customer’s Roadster Sport sprinted the quarter-mile in 12.643 seconds in late July, setting a new record in the US National Electric Drag Racing Association.

Eventually, Tesla expects its sales to be roughly split between North America and Europe.

Comments

kelly

Never .. have so many loans owed so much coverage to so few vehicles.

Ken

Their amazing moneyfinder/publicity generator continues to perform.

A real crunch is coming for Tesla, competitive EVs will be available soon.

But so far so good. There is little to criticize. They have delivered the vehicles promised.

kelly

"But so far so good. There is little to criticize. They have delivered the vehicles promised." - hundreds of buyers having waited years (+ $6,700 price hike) may disagree.

Ken

Keely: I wasn't aware their deliveries have not met promised dates.

But I won't dispute facts. If that is so then it is so.

Arne

Kelly,

I am sure that most customers that ordered a Tesla were aware they were taking a risk. Heck, some of them are probably happy they got a car at all.

That is the state of EV's today. And that's why it takes the mainstream car manufacturers so long to bring their own EV's to market. They could not get away with what Tesla has gotten away with.

kelly

"They could not get away with what Tesla has gotten away with.", but multi-year delays are not an EV (or ICE) necessity.

Henry Gibson

It is not a good energy investment to buy a TESLA. No ordinary driver needs that acceleration. The demand for speed and power has cost much energy as witness the higher road speed limits and low pickup truck mileage. ..HG..

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