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Onion: Worm Alert

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Racer X2/09/2010 9:06:52 pm PST

re: #395 laZardo

But they’ll stop making those next year. D:

WTF?

They just got a FAT stimulus check.

Stopping production of the Roadster could could present a problem, because it means Tesla won’t have any cars to sell — and no revenue coming in.

“As a result, we anticipate that we may generate limited, if any, revenue from selling electric vehicles after 2011 until the launch of the planned model S,” the company says in the SEC filing. That may not be a problem if S production starts on plan and goes off without a hitch, but if Tesla hits any snags, things could get ugly fast — a point it concedes in the filing.

“The launch of the Model S could be delayed for a number of reasons and any such delays may be significant and would extend the period in which we would generate limited, if any, revenues from sales of our electric vehicles.”

The move amounts to killing the car that made Tesla famous for the sake of the Model S. Tesla better hope everything goes according to plan, or it surely will regret that decision.

Seriously - my tax money goes to a company that is going to stop producing their product for over a year. I don’t get it.

This is bad.