Three Tesla employees were killed in a plane crash on Wednesday, as reported in a statement released by Elon Musk, CEO of the Palo Alto-based electric automaker.
The twin-engine Cessna plane struck a power line in a residential area in Palo Alto, California on Wednesday morning.
“We are withholding their identities as we work with the relevant authorities to notify the families,” said Musk.
While not addressing how the death of the Tesla co-workers will effect their operations, Musk highlighted the close community feel of Tesla Motors.
“Tesla is a small, tightly-knit company, and this is a tragic day for us,” he added.
The tragic event comes at a pivotal time for the company as an initial public offering (IPO), for $100 million, was filed late last month.
While the names have not been released, the victims are reported to be midlevel engineers, a source reported to Edmunds’ InsideLine.com.
Tesla has since its inception advocated for wide adoption of electric vehicles, and that strategy will not change in the near future as the company plans for a massive increase in production.
“Our growth is highly dependent upon the adoption by consumers of, and we are subject to an elevated risk of any reduced demand for, alternative fuel vehicles, generally, and electric vehicles in particular,” its IPO filing stated. Tesla currently makes one model, the Roadster convertible.
“If consumers do not adopt electric vehicles, our business, prospects, financial condition, and operating results will be harmed.”
The twin-engine Cessna plane struck a power line in a residential area in Palo Alto, California on Wednesday morning.
“We are withholding their identities as we work with the relevant authorities to notify the families,” said Musk.
While not addressing how the death of the Tesla co-workers will effect their operations, Musk highlighted the close community feel of Tesla Motors.
“Tesla is a small, tightly-knit company, and this is a tragic day for us,” he added.
The tragic event comes at a pivotal time for the company as an initial public offering (IPO), for $100 million, was filed late last month.
While the names have not been released, the victims are reported to be midlevel engineers, a source reported to Edmunds’ InsideLine.com.
Tesla has since its inception advocated for wide adoption of electric vehicles, and that strategy will not change in the near future as the company plans for a massive increase in production.
“Our growth is highly dependent upon the adoption by consumers of, and we are subject to an elevated risk of any reduced demand for, alternative fuel vehicles, generally, and electric vehicles in particular,” its IPO filing stated. Tesla currently makes one model, the Roadster convertible.
“If consumers do not adopt electric vehicles, our business, prospects, financial condition, and operating results will be harmed.”
As of Dec. 31, 2009, Tesla had unfilled reservations for 220 Tesla Roadster models, and approximately 2,000 Model S sedans in its fulfillment log. But after 2011, the company does not expect to make any more Roadster models, due to a change at a key supplier.
“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,” Tesla said in the filing with the SEC.
The Roadster is currently assembled at a plant in Hethel, U.K. owned by Lotus Cars.
“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,” Tesla said in the filing with the SEC.
The Roadster is currently assembled at a plant in Hethel, U.K. owned by Lotus Cars.
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