Palo Alto based Tesla Motors has announced that the production of its breakthrough Roadster EV (electric vehicle) will end soon so that the company can focus its resources on its upcoming Model S sedan.
The text of the filing made by Tesla to the Securities and Exchange Commisson this week is as follows:
On June 13, 2011, Tesla Motors, Inc. (“ Tesla ”) and Lotus Cars Limited (“ Lotus ”) entered into an amendment to the Supply Agreement for Products and Services dated July 11, 2005. Tesla and Lotus previously entered into the Supply Agreement for Products and Services under which Lotus provides Tesla with assembly and other manufacturing services related to the Tesla Roadster. Under the amended agreement with Lotus, Tesla will purchase an additional 100 vehicles or gliders (for an aggregate of 2,500 vehicles or gliders) over the term of the amended agreement, which ends on January 31, 2012. The amended agreement with Lotus provides additional Tesla Roadsters to continue such sales in the first half of 2012.
Given the lag time between the submission of an order by a consumer and the delivery of the vehicle, it would appear that Tesla would cease accepting orders of the Roadster in about two or three months.
The Tesla Roadster is being assembled in Tesla's facility in Palo Alto. The Model S will be assembled in the former NUMMI plant in Fremont.
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