Tesla Motors financial and leadership crisis has delayed the development of the much anticipated Model S. The Silicon Valley’s famed electric carmaker is running low on cash, so the presentation of the sedan has been delayed until 2011.

We’re surprised once more with the teaser photo of their model S sedan! I think  you’ll be disappointed, as the picture doesn’t actually show any design details of the new model. Speaking with Businessweek, Tesla’s chief investor Elon Musk said that the Model S will go up against cars like the Lexus GS 450h hybrid, the diesel Mercedes E-class, and the Chevrolet Volt. “Our sedan will crush everything out there,” Musk said.