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Tesla Motors Inc. is a Silicon Valley-based company that designs, manufactures and sells electric vehicles (EVs) and electric vehicle powertrain components. It is currently the only automaker building and selling highway-capable EVs in serial production (as opposed to prototype or evaluation fleet production) in North America or Europe. According to recent paperwork filed with the US Securities and Exchange Commission, Tesla produces at least 15 cars per week — mostly custom-ordered vehicles manufactured to owners' specifications.[2]

The Tesla Roadster, the company's first vehicle, is the first production automobile to use lithium-ion battery cells and the first production EV with a range greater than 200 miles (320 km) per charge.[3] The base model accelerates 0–60 mph (97 km/h) in 3.9 seconds and, according to Tesla Motor's environmental analysis, is twice as energy efficient as the Toyota Prius.[4] The company had produced its 1,000th Roadster as of January 2011.[5] The company has delivered Roadsters in at least 25 countries as of May 2011.[6] Tesla began producing right-hand-drive Roadsters in early 2011 for the UK and Ireland markets, and the company began delivering right-hand-drive Roadsters in the summer of 2011 in Australia, Japan, Hong Kong and Singapore.[7]

Tesla is currently developing the Model S, an all-electric family sedan. Tesla unveiled the car March 26, 2011 with an anticipated base price of US$57,400 (or US$49,900[8] after a US federal tax credit). The Model S will have three battery pack options for a range of up to 300 miles (480 km) per charge.[9] As of March 2011, Tesla has taken about 2000 reservations for the Model S and expects to begin delivering cars to customers in 2012.[2] Tesla currently employs more than 500 people and is aggressively recruiting employees for positions in the headquarters in Palo Alto, California; at its European headquarters in Windsor, UK; and at an increasing number of sales facilities throughout North America and Europe.[10] Tesla plans to build the Model S in 2012[11] in Fremont, California in an assembly plant formerly operated by NUMMI, a now defunct joint venture of Toyota and General Motors.[12] Tesla purchased a stake in the site in May 2011 for US$42 million.[11][13]

Tesla is named for electrical engineer and physicist Nikola Tesla.[14] The Tesla Roadster uses an AC motor descended directly from Tesla's original 1882 design, which he said came to him in a feverish hallucination due to exhaustion when he was working as an engineer and inventor in Austria-Hungary.

Above courtesy of Wikipeda

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