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Tesla Teaser Reveals Model X

Complete, on-line unveiling scheduled for Feb 9.

by on Feb.01, 2012

Tesla provides prospective buyers a look at its next mainstream model.

It hasn’t even put its first mainstream offering, the Model S sedan, into production yet, but California electric car start-up Tesla Motors already is teasing the product to follow, the Model X crossover.

As with the Model S – with which it shares the underlying platform – the Model X crossover was originally scheduled to debut last year but has been pushed back until late in 2013, according to the battery-car maker.

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The high-contrast image, a silhouette sent in a mailing to customers, was taken at the maker’s Southern California design studio. There are clear similarities to the Model S visible in the image, starting with the stylized “T” logo on the grille, but the Model X appears to have a higher roofline that tapers rearward more like a BMW 5GT or X6.


Tesla’s Elon Musk Goes Broke

Billions gone, Internet entrepreneur keeps going.

by on Jun.02, 2010

Brother, can you spare a billion? Tesla CEO Elon Musk shows off a prototype Model S at the Detroit Auto Show, last January.

Apparently, $1.5 billion doesn’t go quite as far as it used to – or so Elon Musk, the Internet entrepreneur and electric vehicle visionary, has discovered.

The South African-born Musk made $1.5 billion, a few years back, selling his share of the online Paypal service, then pumped a sizable portion of his fortune into Tesla Motors, the California-based electric vehicle maker, as well as SpaceX, a private rocketry firm.  But as Musk acknowledged in an interview with, last year, the auto business is far more expensive than it initially might seem.

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And that is leaving him dependent upon the kindness of strangers, now that his fortune has largely run out, borrowing money from family and friends, according to various reports out of Silicon Valley.

Musk confirmed his financial problems in a court filing in which he stated, “About four months ago, I ran out of cash.”