January 14, 2009

Daimler’s Electric Smart Car Will Feature Tesla Motors Power

Tesla Motors Inc. has secured a deal with Daimler AG to supply batteries and chargers for Daimler's new electric Smart car, which is expected to be released in late 2010.

According to Elon Musk, chief executive of Tesla, the company will supply battery packs for 1,000 vehicles, and believes the number could greatly increase.

Daimler's new electric Smart car will be released in select markets in late 2010 and is expected to swing into full production by 2012.

Tesla hopes to work out similar deals with other auto manufacturers.

The company will release its Roadster sport car into the market in June.  They are currently increasing their production of the vehicle from 15 to 30 cars a week.

Musk says the company is already sold out of the vehicle until November and estimates that Telsa will begin to make a profit by mid-2009.

Since announcing plans to release an electric vehicle at the North American International Auto Show, Daimler has produced a small number of electric Smart cars that have found their way onto the road in London.

Tesla, based in Silicon Valley, is currently working to secure federal assistance to develop an electric sedan.  The company hopes to release the finished product by mid-2011. 

According to Musk, a drivable prototype of the Model S sedan will be released in February and will carry a $49,000 price tag.

"We are working as rapidly as possible to bring affordable cars" to the public, he said.


Image Caption: The Tesla Roadster is displayed at the North American International Auto Show at the Cobo Center on January 12, 2009 in Detroit, Michigan. The high-priced electric sports car does 0-60 MPH in 3.9 seconds and has a 244-mile range. (UPI Photo/Brian Kersey)


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