Saleen Automotive is best known for building hot numbers including countless tuned Ford Mustang muscle cars, and more recently, for offering a custom version of the Tesla Model S. Unfortunately, the company needs a huge infusion of cash even faster than its cars if it wants to stay on the road beyond the end of the year. In a new Securities and Exchange Commission filing, Saleen admits that its financial situation is dire, and it has just $7,261 in cash sitting in the bank as of September 30.
Saleen FourSixteen Model S: Monterey 2014
- Chris Bruce
- Sep 9, 2014
Steve Saleen kind of shocked us when he announced that his company was working on an electric car late last year with no solid details to speak of. It just seemed like a complete about-face from the big muscle Ford Mustangs and supercars Saleen had built its reputation on. If anything, it was even more surprising when the business revealed that the new model would be a tuned Tesla Model S to be dubbed the FourSixteen. We finally got a glimpse of it during Monterey Car Week, and while the sedan's
- Brandon Turkus
- Aug 17, 2014
Tuning cars with internal-combustion engines is a bit of a known science. Tuning cars that run on electricity, though, is a newer proposition. In Saleen's case, that hasn't meant so much a modification of the electric motor on this Tesla Model S, as a thorough reworking of the car's aesthetics.