Tesla Motors Inc (TSLA) Model S To Get Makeover From Saleen Automotive

Tesla Motors Inc (NASDAQ:TSLA) Model S will now be developed into a high-performance sports car by Saleen, which is an American specialty manufacturer of high performance vehicles. Saleen, known for its ultra-fast Mustangs, did reveal intentions earlier to remodel an electric car. At that time, many would have thought that the company might choose the Ford Focus Electric, but going for Tesla’s Model S came as a surprise.Tesla Motors Inc (TSLA) Model S To Get Makeover From Saleen Automotive

CEO Steve Saleen said in a statement yesterday, “I fully intend to produce one of the most compelling Teslas to ever hit the roadway.”

Tesla, Saleen share similar values

Steve said that the company’s main objective is to expand its presence in the automotive market, and previously it has worked on legendary models like Camaros, Challengers, and Mustangs. Referring to Tesla Model S, CEO says, “Now, we turn our attention to the vehicle that has defined the sports car in the rapidly growing electric car sector.”

The values shared by Tesla Motors Inc (NASDAQ:TSLA) are quite similar to the values Saleen cherish in terms of elite power, style, and performance. “I have admired their craftsmanship,” added Saleen.

Electric cars getting popular

Talking about the electric car market, the CEO says that it is an up and coming segment, and the company would work on a revolutionary design to produce a vehicle with “a tremendous assemblage of grace and technology.”

Previously Saleen said in a statement that an electric car is under development for “eventual distribution and sale.” The CEO said that electric cars are getting popular and the segment is expected to get more response from buyers in the time ahead.

“We intend to enter this market with an offering that is truly innovative and offers the styling and craftsmanship associated with the Saleen Automotive brand,” CEO added

As of now, no details concerning the performance or design have been revealed, but the company said it is already working on the vehicle.  Saleen said that its engineers will also come up with a spec sheet detailing some of the enhancements and innovations that the company plans to add in the Tesla Motors Inc (NASDAQ:TSLA) Model S.

With the success achieved by Model S so far, it will be interesting to see how Saleen can add more value to the popular vehicle.

About the Author

Aman Jain
Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@valuewalk.com