As orders for Tesla’s first EV, the Roadster, continue to taper, Tesla has been accepting down payments for the Model S sedan, a more affordable all-electric vehicle. The Roadster faced similar delays when it was introduced, and as with the Roadster, some people who reserved the Model S have canceled their orders.
Still, Tesla’s plan remains ambitious: Following the Model S, it says it will introduce all-electric SUVs, vans and coupes.
The automaker has a $465 million loan from the U.S. Department of Energy, so that might help the company get its sedan on the road by 2012.
A Look Under the Hood of Tesla Motors (The New York Times)