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May 29, 2013

10 years of Tesla Motors

Photo: Autoweek

Photo: Autoweek

Photo: Autoweek

Photo: Autoweek

Photo: Autoweek

Photo: Autoweek

Photo: Autoweek

Photo: Autoweek

Photo: Tesla

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By MarketWatch

Tesla Motors (NASDAQ:TSLA) is riding high: The electric car maker’s shares topped $100 for the first time Tuesday and the company posted positive profits for the first time this year. The Silicon Valley-based car company, now in its 10th year, continues to expand with future plans for a 3-series/A4 fighter, slotted below the Model S. The delayed Model X, left, is still on the horizon as well, with Tesla beginning deliveries in 2014. Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners.

In its 10 years of existence, Tesla Motors has given us the zippy Roadster based on the Lotus Elise and the current Model S. The sedan—which is now Tesla’s bread and butter—continues to be its all-star player. From Autoweek, here’s a look at 10 years of Tesla:

Tesla was founded in 2003 by Elon Musk and a group of fellow Silicon Valley engineers. Tesla Motors is based in Palo Alto with Musk as its chairman. For more on the gains in Tesla stock and the reasons behind them, see “Tesla shares top $100” in MarketWatch’s The Tell blog.

The Model X, left, due to consumers in 2014, is next on Tesla’s delivery list.

Also expect a next-generation Roadster in the nearby future, ditching the Elise chassis for a modified version of the platform used by the Model S. Musk also said that Tesla plans to produce an electric supercar in four to five years. Musk, founder of both Tesla and private space-exploration company SpaceX, is scheduled to be the speaker Wednesday night at the 11th D: All Things Digital conference, being held this week in Rancho Palos Verdes, Calif.

The Roadster, released in 2008, is based on the Lotus Elise and goes 0-60 mph in 3.7 seconds and delivers 245 miles per charge

The 2008 Roadster. Although sold out in North America, the Roadster started at a base price north of $100,000

The sport-tuned Model S is capable of 0-60 mph in 4.2 seconds while packing 310 kw (equivalent of 416 hp)

The Model S starts at $62,400, with a 17-inch touch screen highlighting the interior.

The Model X is expected to start around the same base price as the Model S.

The Model X SUV electric crossover will feature “falcon wing” doors.

The story, 2003-2013:10 Years of Tesla Motors, originally appeared on Autoweek.com.