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Tesla Takes 520 Reservations for Model S in a Week

Since the launch on 26 March, Tesla Motors has taken 520 reservations for the Model S, an all-electric family sedan that carries up to seven people and travels up to 300 miles per charge. The $5,000 reservation fee is refundable.

Production of the Model S is planned to begin in late 2011. Tesla has applied for a $350 million loan from the Department of Energy’s Advanced Technology Vehicle Manufacturing Program, which would be used to build the Model S assembly plant in California.

The Model S can be recharged from any 120V, 208V or 240V outlet or quick-charged from an external direct current supply in 45 minutes. The Model S does 0-60 mph in 5.6 seconds, and will have an electronically limited top speed of 130 mph (209 km/h). The anticipated base price of the Model S is $49,900 after a federal tax credit of $7,500.

Three battery pack choices will offer a range of 160, 230 or 300 miles per charge. The company has not released options pricing.

Tesla also is taking reservations for the Model S Signature Edition with a $40,000 reservation fee. 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.

Separately, Tesla delivered 104 Roadsters to customers in March, marking the first triple-digit delivery month in the company’s history. Tesla delivered more than 170 cars in the first quarter—more than the total delivered in 2008.

Tesla has delivered about 320 Roadsters so far. The base price of the Roadster is $101,500 after a $7,500 federal tax credit.

Tesla plans to introduce more affordable cars and partner with other automakers to help them produce mass-market EVs. Tesla announced in January it is partnering with Daimler AG to produce the battery packs and chargers for at least 1,000 Smart EVs. (Earlier post.)

Comments

Ike Solem

That's indicative of high market demand, isn't it? So why is the federal government giving $30 billion to decrepit car companies like GM and Buick, with zero demand, while ignoring the electric car manufacturers? Tesla still needs some manufacturing capacity - so why isn't the government trying to broker a GM-Tesla partnerships to produce these cars and make the U.S. the world leader in electric vehicles?

SJC

As the zen master said "we will see". A few reservations and a few orders from people with money that have several cars does not make a market.

TM

"so why isn't the government trying to broker a GM-Tesla partnerships to produce these cars and make the U.S. the world leader in electric vehicles?"
I'd say the US government and governments in general, are inept at running anything.
Telsa will be a stronger company if it figures out how to make money without government hand holding. Keep the government as far away from Tesla as possible, and you'll have a world class company.
Just like the butteryfly emerging from its cocoon- if it doesn't struggle and do it on its own, it comes out all deformed and warped. Government aid should be the last resort a company turns to.

Reel$$

@TM:

"Keep the government as far away from Tesla as possible, and you'll have a world class company."

It is just this kind of anti-establishment heresy that is destroying the world! Get with the program man! Government can't DO anything original so it steals it from those who can. You make out like government running car companies with backsliders, and bureaucrats is a bad thing. WTF?

SJC

"Tesla has applied for a $350 million loan from the Department of Energy’s Advanced Technology Vehicle Manufacturing Program"

If they could get the money some where else they would. It is my guess that they can not. Raising money for ventures is almost impossible. Now you want to get into something as competitive and capital intensive as cars...really forget it.

Reel$$

@SJC:

"Raising money for ventures is almost impossible. Now you want to get into something as competitive and capital intensive as cars...really forget it."

Either you are remarkably ignorant or simply a troll in service of the marxist doomers and therefor a perfect example of fundamental alarmist tripe.

"The US accounted for 83 per cent of global cleantech [VC] investment in 2007. With $2.52bn invested in 159 cleantech deals, the US saw an impressive 79 per cent increase in investment over 2006. Cleantech accounted for more than eight per cent of the total US venture capital investment in 2007.

Global venture capital investment last year reached US$35.2 billion, the highest level since 2001, and is maintaining a robust pace in 2007. The acceleration has been bolstered by the increasing globalization of both venture capital funds and venture-backed companies and a substantial investor focus on emerging sectors."

http://www.altassets.com/news/arc/2008/nz12803.php

Reel$$

And one more thing. Tesla, the startup company arguably responsible for catalyzing the electrification of transport around the world - has another big hit on their hands. And at half the cost of their high-end first sports car. Nice work guys. You deserve the guvmn't (read American citizen's) dough - all they do is throw it in a street called Fannie Mae.

SJC

Reel$$,

You need not resort to insults. Sure there seems to be a lot of venture money out there, but in a multitrillion dollar world economy, it is a drop in the bucket. Try getting some venture capital yourself and you might see how difficult it is. Again, why would they want government money IF there is so much private money available everywhere?

Reel$$

SJC:

$32billion for VC starts is damned good. I wouldn't sneeze at it and best part is it's not dictated by a bunch of agenda-driven fundamentalists (i.e. guvmn't.)

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