Many have been wondering whether Tesla Motors is going to deliver on its promise of electric cars beyond the Roadster. Despite a few corporate wobbles, the company says the Model S electric sedan is on schedule for delivery.
Gearing up for expansion
Tesla Motors made a name for itself some years ago with the Roadster, the Lotus Elise-based electric sports car. Tesla has two more cars in the works slated to cost less than the $100,000-plus for the Roadster, the Model S sedan and a crossover SUV, the Model X.
Tesla, according to the New York Times, has been relying on the flow of Model S and Model X deposits from customers to keep going. Tesla received more than $90 million in deposits for the Model S in 2011, according to the Wall Street Journal.
Still on schedule
The goal, according to AutoBlog, has been for the Model S to be released in July of this year. Some have been skeptical of whether Tesla was going to be able to deliver, despite the entire first year’s production run being sold out.
However, Tesla recently confirmed that the first Model S was close to leaving the production line and getting delivered to the first customer. Tesla is going to deliver the car at the location of the purchaser’s choice and anticipates sales of 5,000 units in the first year of production, more than twice the number of Roadsters the company sold in the past four years.
A lot of green
The requisite down payment for the car is $5,000. The base model costs $56,500, before the $7,500 tax credit, up to $97,900 after tax credit, for the Signature Performance model.
Customers can choose 40, 60 or 85 kilowatt-hour battery packs. The 40 kwh pack, in the base model, gives the car an electric range of 160 miles. The 60 kwh pack runs dry after 230 and the 85 kwh pack has a range of 300 miles. The 85 kwh pack is standard in Model S Performance, Signature and Signature Performance trims. Charging time varies but can be as little as 30 minutes at Tesla Supercharging stations.
The Performance and Signature Performance models go from 0 to 60 miles per hour in 4.4 seconds, which makes the Model S the fastest green luxury performance car on the market. It is also competitive on price, and unlike competing models, it produces no emissions.
The $95,000 Porsche Panamera Hybrid manages 0 to 60 sprint in 5.7 seconds. The BMW 750i active hybrid is right on the Model S’ heels, going from 0 to 60 in 4.7 seconds and starting at $97,000. The Mercedes S400 Hybrid is less expensive, at $91,850, but is also the laggard of the group, taking 7.2 seconds to get to 60 mph. The $100,000 Fisker Karma takes 6.3 seconds to get up to 60.