The following is an excerpt from Rick Aristotle Munarriz | May 11, 2012 | dailyfinance.com |
Tesla Motors (TSLA) has some good news for fans of the American maker of electric cars. Tesla’s Model S — the company’s first reasonably priced vehicle — may hit the streets as early as next month.
Sure, calling the all-electric car reasonably priced is relative. The cheapest Model S is going for $49,900, and that’s with the $7,500 tax credit baked into the price. Obviously that’s going to price the car out of the range of most drivers. However, compared to the defining Tesla Roadster that hit the market with a six-figure price tag four years ago, the Model S is a relative bargain.
Tesla was originally not expected to begin delivering the car until July at the earliest. However, if the car is able to clear its government crash ratings test in the coming weeks, the company is comfortable in bumping the release window up to June.
Demand Speeds Ahead of Supply
If you’re considering a Model S purchase, the June arrivals won’t matter. More than 10,000 people have plunked down $5,000 as a deposit for the new car, and Tesla only expects to roll 5,000 units off the assembly line this year.
Folks are also starting to get in line for the Model X that Tesla has in the works for early 2014 deliveries. Likely to hit the market at similar pricing to this year’s Model S, Model X is an all-electric-crossover SUV complete with rear passenger doors that open up like falcon wings.
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