Tesla to stop selling electric sports car next year

It sounds like the initial public offering of electric-car maker Tesla is already being greeted with skepticism, but some of the fine print about its plans may give potential investors even greater cause for concern.

A reading of the fine print by Wired’s Autopia blog uncovers some disturbing product planning news. To wit, the company only product, the first true freeway-capable, mass-produced electric car of the modern age, will go bye-bye next year, From Autopia:

“We do not plan to sell our current generation Tesla Roadster after 2011 due to planned tooling changes at a supplier for the Tesla Roadster,” the company wrote in the filing. The Roadster is built by Lotus, so presumably Tesla is talking about changes at the British automaker’s factory in Hethel, England, but we can’t confirm that because Tesla spokesman Ricardo Reyes declined to comment.

USA Today