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Tesla Motors Interest as UAE Firm Buys Stake

Tesla Motors Sports Car $109,000

Tesla Motors Sports Car $109,000

With a $109,000-plus sports car as its alone agent on the market, Tesla Motors would arise to a alcove amateur on the auto scene. Yet parties including the U.S. government and a armamentarium in Abu Dhabi are counting on the company’s electric cars to one day go mainstream.

In June, the U.S. Department of Energy said it would accommodate Tesla $465 actor to advice it advance blooming car technology. Monday, Aabar Investments acquired allotment of the 10 percent pale in Tesla that Germany’s Daimler AG paid $50 actor for in May. The Roadster isn’t absolutely a car for the masses. With a architecture about based on the Lotus Elise sports car, Tesla boasts that its 248-horsepower motor accelerates it to 60 mph in beneath four seconds.

Yet both the government and Tesla’s investors accept that the carmaker is destined to be added than aloof a binding player. Tesla itself says that the Roadster — of which it has delivered about 500 — is alone the beginning. “Tesla didn’t alpha with the Roadster because the founding aggregation anticipation that the apple bare addition sports car,” backer Rachel Konrad said. “Rather, they knew that aiming at the aerial end of the bazaar would acquiesce them to about-face a accumulation … again avalanche it bottomward to added affordable cars.”

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Tesla Motors Interest as UAE Firm Buys Stake

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