Electric Car

Electric car start-up Tesla is restructuring its US operation and laying off around 100 staff, as the credit crunch continues to make life difficult for car companies big and small. It’s now on its fourth CEO in 12 months, as founder Elon Musk takes over from Ze’ev Drori.

It’s not all doom and gloom, however. Tesla has sold 12 electric Roadsters in the UK for delivery in May 2009 and is about to appoint its first dealership in London. It isn’t building an extensive dealer base and the company claims the car doesn’t need much servicing