Telsa Electric Vehicles - Back to The Future

• SEE ALSO: Project Better Place - Electrification of Israeli Motoring
• SEE ALSO: Electric Motoring News

Washington DC July 21, 2008; The AIADA newsletter reported that the electric car has been pronounced dead many times, but Elon Musk is out to resurrect it.

The South African-born Musk made a fortune when PayPal, a company he co-founded, was sold to eBay in 2002.

One of his new companies is Tesla Motors, an electric-car manufacturer...with its first model, the Tesla Roadster, a sleek, high-end sports car with an upmarket price tag scheduled to start(quietly)roaring onto streets this summer.

Musk told Newsweek in a recent interview that his goal in producing the roadster is not to change the world. "It's a $100,000 sports car being produced in quantities of about 1,800 a year," he explained. "Where it really becomes meaningful is when we produce the next models, which will be lower-cost and higher-volume.

Our second product is a sedan that is about half the price and will be produced in late 2010 in 20,000 units a year." He says that model will have a high-speed charge and allow people to switch out the battery pack, so you can go to a battery-change station just like you'd go to a gas station. For the full Newsweek interview, CLICK HERE.