Tesla Motors Inc (NASDAQ:TSLA)’s rival from Japan, a team-up of GLM and Tommykaira, has sold out its first run of electric sports cars, a report from Bloomberg’s Paul Allen reveals.
The vehicle challenging the Tesla Motors Inc (NASDAQ:TSLA) current Model S is called the Tommykaira ZZ EV, and the companies which make the electric sports car have sold out their first run of 99 vehicles, Allen reported.
The Tommykaira ZZ EV which is more akin to Tesla Motors Inc (NASDAQ:TSLA)’s first vehicle, the Tesla Roadster, goes from 0 to 100 kilometers in under 4 seconds and costs $80,000, the report adds.
However, the selling point of this upcoming electric sports car is that it is fully customizable, the report notes, with the companies making it willing to work with future owners to make the car appear as what the owner wants.
GLM CEO Hiroyasu Koma likens Tesla Motors Inc (NASDAQ:TSLA) to Apple Inc. (NASDAQ:AAPL) and their company to Google Inc (NASDAQ:GOOGL).
“If Tesla is Apple, we are Google. We only provide the basic structure; we can work with companies to create different types of cars around the world. We want to be a company like Lego [as]I want both users and manufacturers to be able to come up with a new model themselves,” Koma said.
It also appears as though GLM’s engineers are confident that their cars will pass tests around the world in order to be deemed roadworthy. Akira Matsumoto, a GLM engineer, said that while there are different safety standards for governments around the world for cars, passing safety standards in Japan makes it easy for their car to pass safety standards all around the world.
According to Paul Allen, who noted that Japanese mass production has changed the world’s car industry decades ago, said that the Tesla Motors Inc rival aims to mass produce electric sports cars for under $30,000.
Tesla Motors Inc (NASDAQ:TSLA) shareholders includes Daniel Benton’s Andor Capital Management which reported 1.25 million shares in the electric car manufacturer by the end of the second quarter of the year.