BusinessWeek has a story about last week's trials and tribulations at Tesla Motors, which wraps up most of what we already know, along with some new details. The investment bankers called up Tesla chairman Elon Musk to let him know that the company's IPO plans weren't going to fly in the current financial markets. Musk and the management team reacted quickly by slashing 25% of the company's workforce, shutting down the Rochester Hills, MI engineering office and pretty much halting all non-revenue producing work. That meant the much anticipated Model S sedan was put on the back burner until more cash was flowing into the coffers. Now, the four-door electric sport sedan won't be going into production until at least 2011.
Tesla SVP Darryl Siry tipped us off that the story was being published tonight and more importantly, to the presence of the photo you see above. That's recently hired Tesla design boss Franz von Holzhausen revealing a wee bit of the tail of the Model S. Siry tells us that we probably won't be seeing the whole car until the Geneva Motor Show next March. In the meantime, this is probably just the first of a series of teasers that will appear to keep the publicity pot boiling.
[Source: BusinessWeek via AutoblogGreen]