Written by Jose Perez
The anticipated base price of the Model S is $49,900 after a US federal tax credit of $7,500.
In the two weeks following the launch, Tesla received 711 reservations for the Model S, the all-electric family sedan that carries up to seven people and travels up to 300 miles per charge.
Tesla unveiled the car March 26, and reservations immediately began streaming in online and at showrooms in California. This historic vehicle is likely to be the world's first mass-produced, highway-capable electric vehicle when production begins in late 2011. The surge of reservations already proves that there's pent-up demand for a car that doesn't compromise on performance, utility or efficiency.
The Model S does 0-60 mph in 5.6 seconds and will have an electronically limited top speed of 130 mph. A 17-inch touchscreen with in-car 3G connectivity means you can listen to Pandora Radio or consult Google Maps, or check the car's state of charge remotely on your iPhone. The Model S can be recharged from any 120V, 208V or 240V outlet or quick-charged from an external direct current supply in only 45 minutes.
The anticipated base price of the Model S is $49,900 after a US federal tax credit of $7,500. The reservation fee of $5,000 is refundable. Three battery pack choices will offer a range of 160, 230 or 300 miles per charge. The company has not released for pricing for options and higher mileage battery packs.
If you account for the cost advantage over the life of the car vs. an equivalent internal combustion engine car at a cost of $4.25 per gallon (a likely future cost in the United States, and a bargain right now in many parts of Europe), the Model S is equivalent to a gas guzzler with a sticker price of about $35,000. Importantly, those savings are realized immediately if you lease a Model S, so there is no need to wait years to earn back the price difference.
Tesla also is taking reservations for the Model S Signature Edition with a $40,000 reservation fee, which is also refundable. Tesla will produce only 2,000 Signature Edition cars, which will be the first built and have unique interior and exterior features. Signature Edition cars will be evenly split between US and European customers.
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