Showing posts with label Tesla. Show all posts
Showing posts with label Tesla. Show all posts

Monday, December 27, 2010

Tesla shares fall the most since July after lock-up ends

From Bloomberg: Tesla Motors Inc., the unprofitable electric-car maker, fell the most in more than five months after insiders were allowed to sell shares in the company.

Tesla shares fell $4.82, or 16 percent, to $25.27 at 12:12 p.m. in Nasdaq Stock Market trading after earlier falling to $25.06 for the steepest intraday drop since July 6. Capstone Investments Inc. initiated coverage Dec. 23 with a “sell” rating on the expectation that plug-ins and other hybrids will continue to outsell pure electric cars such as Tesla’s.

The end of the lock-up period on Dec. 25 allows Tesla’s early investors to sell for the first time since the company’s June 28 initial public offering. Other holders may have sold off in anticipation of insiders’ sales, said Carter Driscoll, senior analyst for clean technologies with Miami Beach, Florida-based Capstone. His long-term price estimate is $22 a share.

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Sunday, December 26, 2010

Arizona Daily Star reviews the Tesla Roadster Sport

From the Arizona Daily Star: You can crunch all the specifications for the all-electric Tesla Roadster, but two numbers stand out: 245 and 3.7. The first represents the 245 miles per charge maximum driving range - tops among production electrics and an important number for environmentally conscious buyers, along with zero tailpipe emissions.

But the second figure says a lot more about the Tesla's driving experience: the 3.7 seconds it takes the Roadster Sport 2.5 model to get from 0 to 60 mph. Indeed, the Tesla Roadster is a real sports car, with out-of-the-blocks speed that rivals some Porsches and is just a bit slower than the Chevy Corvette ZR1 (0 to 60 mph in 3.5 seconds). The Tesla is fast as well as quick, covering a quarter-mile in about 12.7 seconds.

But enough oohing and ahhing over the numbers; let's get to the driving experience (which will inevitably lead to speed). For starters, the "fusion red" Tesla Roadster Sport 2.5 convertible we tested has supercar looks. And it has the underpinnings to match, with a bonded-aluminum chassis adapted from the Lotus Elise.

This Sport came with clear-coated carbon-fiber accents (an $8,000 option), premium Italian leather seats ($7,800 with leather interior). The black ragtop, which comes standard, nicely sets off its black rims.
Getting in the Tesla Roadster's racing bucket seats is a bit of a trick; you either sit momentarily on the door sill and slide in, or aim your knee just to the right of the steering wheel and sort of plop in. The seats are thinly padded, but wrap the body so well they had a glove-like feel for my fairly average-sized frame.

The instrument panel is clean - no gee-whiz electronic bar graphs - with an old-school analog (dial-type) combined speedometer/ tachometer to the left and a power-consumption meter to the right. An optional 7-inch touch screen controls the "infotainment" group, including a seven-speaker stereo, GPS navigation and back-up camera. A second screen above the console helps manage electrical options.

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