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.)