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Tesla teases freshly delayed Model S sedan

Tesla not planning SUV based on Model S platform

Two big British car magazines are reporting on some of Tesla's future product plans today following the latest promotional tour by SVP Marketing Darryl Siry. There isn't a whole lot new in the articles that hasn't already been reported here and on AutoblogGreen over the past year, but there were a couple of interesting items and errors. First of all AutoCar is reporting that Tesla is planning to use the platform of the Model S sedan (formerly known as WhiteStar) for future vehicles, which makes perfect sense. Unfortunately, they are also reporting that Tesla is planning an electric SUV off that platform, so we contacted Siry to check on this. Siry told ABG that there are in fact no plans to build an SUV. An SUV body style was just used as an example to demonstrate the flexibility of the platform.

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Ex-Chrysler VP moves west to head Tesla engineering

How Tesla is financing its future

Tesla has big plans, and to finance them it plans to raise big money. How? First, with an influx of venture capital that could put 10-percent of the company in VC hands. There has also been talk of an IPO, which Chairman Elon Musk thinks could raise $100 million dollars, and Musk said he plans to take the company public by the end of this year. And to make sure Tesla's coffers are topped up, the company plans to partake in a loan guarantee program offered by the U.S. Department of Energy for up to $200 million.

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