• Dec 18, 2010
In an 8-K filing posted with the U.S. Securities and Exchange Commission yesterday, Tesla Motors revealed that, by the end of the third quarter, it had already lined up 3,000 buyers, each of whom has coughed up $5,000 required to reserve the automaker's long-promised Model S. Additional information mentioned in the report suggests that the Model S will eventually obtain a five-star safety rating, feature more cargo room than any other sedan on the market and be designed to accommodate battery-swap technology.

The SEC filing details Tesla's numerous deals with other automakers, which are briefly outlined below:
  • Tesla received an initial order for 1,500 lithium-ion battery packs for the Smart ForTwo ED
  • Tesla anticipates selling 500 lithium-ion battery packs to Daimler for use in the Mercedes-Benz A-Class electric.
  • The automaker's cumulative sales to Daimler topped the $12-million mark earlier this year.
  • Tesla expects revenue of $60 million for its part in developing components for the Toyota RAV4 EV.
To read Tesla's 8-K SEC filing, which is jam-packed with graphics that detail the automaker's intentions, click here.



[Source: Securities and Exchange Commission via Tesla Motors]


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    • 1 Second Ago
  • 18 Comments
      • 4 Years Ago
      I'm one of those 3000. Here's hoping it turns out as good as they claimed
      • 4 Years Ago
      I would say it was rather rough meeting the challenges of building this thing but now you see how the're...
      • 4 Years Ago
      That's an easy 15,000,000 toward development for the math-challenged.

      Hopefully that that $15m isn't entirely spent on unicorn farts.
        • 4 Years Ago
        It shouldn't be spent on anything. If it's a deposit, it should be held in escrow until the product is actually delivered. If they spend that money and don't deliver, that's the point where failure would turn into fraud.
        • 4 Years Ago
        Ahh, the American dream, built on vaporware and unicorn farts.

        Seriously though, I hope they can pull it off within the given time frame. It's a great looking sedan and their original price guess-timate would fit right in with similarily priced high-end gas vehicles.
        • 4 Years Ago
        It's cash in the bank which they can then take a loan against and use for development costs. So yes, they could use this money. I wish them the best!
        • 4 Years Ago
        And the market cap of the company is almost 3 Billion! So they sold 15 million plus 3000 cars. Guess I'll wait for the stock to drop! doh
      • 4 Years Ago
      Yet another electric shaver :)
      • 4 Years Ago
      what is more sexy, this thing or the big one from Fisker...........
        • 4 Years Ago
        Aside from the crazy moustache grille happening on the front of the Fisker, it looks pretty good. But to this beholder, I'd have to say the Model S is the better looking concept.
        • 4 Years Ago
        I'm actually very impressed by the looks of this car. Love the Fisker. It's very exciting to have two great choices!
      • 4 Years Ago
      No testing ? no validation ?

      I think GM/Nissan took 2 years+ of validation before they came to mainstream.

        • 4 Years Ago
        They will make an Alpha, a Beta and a Release Candidate before the mass production.

        If there is any problem with the customer product, they plan to upgrade it by internet with a Service Pack... :-D

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