Tesla Motors to show off electric sedan next month
Updated at 11:45 am PT with more details on DOE loan application.
Electric luxury car company Tesla Motors is on target to be profitable and to demonstrate a "street-drivable" prototype of its next car next month: the Model S sedan.
CEO Elon Musk sent out a detailed update to subscribers of its monthly newsletter, boasting about a backlog of orders for its Tesla Roadster sports car and assuring company watchers that the company is on sound financial footing.
"We remain on track with our cost reductions and production ramp, so it appears highly likely that Tesla … Read more