"We’ve made significant progress since we last provided an update on the Roadster program in December. This letter outlines key milestones and our plans for getting the Roadster in production. In addition to this letter, we are planning another “Town Hall” style Q&A session for Wednesday, January 30th at 10am to go into further detail and answer any questions that we didn’t anticipate here We have received all regulatory approvals to import the first production Tesla Roadster (“P1”) for sale. This includes all necessary EPA, DOT and NHTSA approvals. This is an historical milestone that heralds the future of the electric automobile. As you read this letter P1 is on its way to San Carlos. The plan we have developed has some very positive benefits for our customers. Instead of a complex 2-speed transmission design, we will achieve the original performance goals with a simpler one-speed unit mated to a higher rated Power Electronics Module (PEM). The existing motor will be modified to have advanced cooling capabilities to handle this additional power. The new transmission unit will be engineered to handle the higher torque of the powertrain. This plan not only reduces program risk, but also provides better efficiency, lower weight, equal or better range, better thermal performance and quicker quarter mile acceleration due to the elimination of a shift. This new path incorporates the latest developments of our powertrain team which has been continually improving on our core technology." Things are moving forward! The above is not the full text of the communication.