Electric sports car ready to challenge Porsche?
A Silicon Valley start-up is expected to show off an electric car this summer that it says can hang with Porsches and Ferraris and has attracted investments from the founders of Google and eBay.
Tesla Motors says its Tesla Roadster can accelerate, brake and handle like a high-end sports car. The company, in fact, claims the car can accelerate from zero to 60 mph in four seconds.
The big difference is that it runs completely on electricity. It plugs into the wall and is not a hybrid. The battery gives it a range of 250 miles.
"We have made a sports car that is really a sports car," said CEO Martin Eberhard. "It is first and fundamentally a driver's car."
A public unveiling of the car is slated for July 12 in Santa Monica, Calif., at which buyers will also be able to sign up to buy the first cars that come off the line.
The secretive start-up, founded in 2003, has also attracted some big-name investors. Google's Sergey Brin and Larry Page have put money into the company, as have Elon Musk and Jeff Skoll of eBay fame, VantagePoint Ventures and Draper, Fisher Jurvetson. In all, Tesla has attracted $40 million in venture investing. story continued
Tesla Motors says its Tesla Roadster can accelerate, brake and handle like a high-end sports car. The company, in fact, claims the car can accelerate from zero to 60 mph in four seconds.
The big difference is that it runs completely on electricity. It plugs into the wall and is not a hybrid. The battery gives it a range of 250 miles.
"We have made a sports car that is really a sports car," said CEO Martin Eberhard. "It is first and fundamentally a driver's car."
A public unveiling of the car is slated for July 12 in Santa Monica, Calif., at which buyers will also be able to sign up to buy the first cars that come off the line.
The secretive start-up, founded in 2003, has also attracted some big-name investors. Google's Sergey Brin and Larry Page have put money into the company, as have Elon Musk and Jeff Skoll of eBay fame, VantagePoint Ventures and Draper, Fisher Jurvetson. In all, Tesla has attracted $40 million in venture investing. story continued
posted by anthony m, at Tuesday, June 06, 2006
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