Feeds

Tesla names Model S rollout date

Courtesy of US Department of Environment cash?

High performance access to file storage

'Leccy Tech Tesla has finally set a date for the unveiling of a road-usable prototype of its four-door Model S electric car. The date? 26 March. The place? The Tesla Design Studio inside the SpaceX factory in Hawthorn, California.

Though keeping the look of the S a closely guarded secret, Tesla has said its objective with the Model S was "to create one of the most functional, intuitive and beautiful vehicles on the road”. Fair enough, but we wouldn't really have expected them to say it was impracticable, a pig to drive and looked like the back end of a bus, would we?

Other news from the 'leccy sports car maker includes a claim that it will be profitable by “mid year” - doubtless helped by recent price rises - and that it is has sold out of Roadster production until November, meaning that unlike the majority of car manufacturers on the planet, Tesla knows where next months rent is coming from.

Tesla S rear end

Tesla's S: all you get to see until 23 March

Looking further ahead, Tesla also announced that the US Department of Energy has told it that it expects to begin disbursing in “four to five months” the funds from the $350m Model S loan application that Tesla applied for.

Apparently, this is due to the Obama administration making it a top priority to get the cash from the Advanced Technology Vehicles Manufacturing loan programme out to car makers in order to secure jobs - no bad idea in light of the scale of US job losses in recent months. The funding will be used to set up the Model S production facility and should ensure the car hits the road in 2011.

According to the Associated Press, the DoE hasn't actually approved the loan as yet. But with $25bn of potential funding sloshing about, we think Tesla is probably safe to assume it'll get a slice of the action - not least because, unlike all the other companies with their hands out, Tesla has actually built and sold an electric car.

No news about the technical specification of the Model S, but if you own a Roadster you can get to the front of the queue to own one and get $10,000 (£6,927/€7,746) off the as-yet-unconfirmed purchase price, which, according to Tesla spokeswoman Rachel Konrad, will be below $50,000 (£34,637/€38,372). ®

High performance access to file storage

More from The Register

next story
Fancy joining Reg hack on quid-a-day challenge?
Recruiting now for charity starvation diet
Red-faced LOHAN team 'fesses up in blown SPEARS fuse fiasco
Standing in the corner, big pointy 'D' hats
KILLER SPONGES menacing California coastline
Surfers are safe, crustaceans less so
LOHAN's Punch and Judy show relaunches Thursday
Weather looking good for second pop at test flights
Discovery time for 200m WONDER MATERIALS shaved from 4 MILLENNIA... to 4 years
Alloy, Alloy: Boffins in speed-classification breakthrough
Elon Musk's LEAKY THRUSTER gas stalls Space Station supply run
Helium seeps from Falcon 9 first stage, delays new legs for NASA robonaut
Top Secret US payload launched into space successfully
Clandestine NRO spacecraft sets off on its unknown mission
New FEMTO-MOON sighted BIRTHING from Saturn's RING
Icy 'Peggy' looks to be leaving the outer rings
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.