Tesla Motors has extended its body supply deal with Lotus

Article by Christian A., on August 29, 2010

To help fill a gap in the production and sales of the Roadster, electric carmaker Tesla Motors Inc. has decided to extend its deal with British automaker Lotus.

Tesla had registered for an initial public offering worth $100 million in January but this status is threatened with the possibility that production of the sports car will be shut down for a year or more after 2011 due to tooling changes with an unnamed supplier.

Lotus supplies Tesla with "gliders," or partially assembled vehicles without the electric powertrain. The new agreement will ensure that Roadsters are kept in Tesla showrooms longer than expected.

The previous deal with Lotus, for 1,700 gliders, was slated to expire in March 2011. Due to the extension, Lotus will be able to provide at least 2,400 of the partially assembled vehicles.

In an amended Securities and Exchange Commission filing posted last Monday, the agreement is extended until December 2011, which will aid in fulfilling orders placed between 2011 and 2012.

It will still be quite a long wait for the next-generation Roadster as it won´t be produced until at least a year after the launch of its lower-priced Model S sedan, which will enter production in 2012.

Topics: tesla, lotus

If you liked the article, share on:

Comments

Recommended

Hyundai Motor Group – including both Hyundai Motor and Kia Motors – has disclosed a wide-ranging plan to introduce 31 environment-friendly models in a new development roadmap that aims to...
by - August 22, 2017
Over a decade ago, Pagani took the Zonda to the Geneva Motor Show. The Zonda hypercar was then set to retire in 2013 together with the track-focused Revolucion. But here...
by - August 22, 2017
The newest Porsche Cayenne is scheduled be unwrapped by the end of the month after completing endurance tests worth 2.7 million miles. Since we are just a few weeks away...
by - August 22, 2017
This is the time of the year when automakers give us teasers and previews of their upcoming models. Now, it seems like BMW is ready to unveil the M5 (F90)...
by - August 22, 2017
It is quite common to revive classic cars if you have a lot of extra money. Models like the Jaguar XKSS and Aston Martin’s DB4 GT have been upgraded to...
by - August 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries