March 20th, 2009, 5:13 pm. Posted under Electric Cars by AppleOption.
On March 26th, Tesla Motors will unveil a street-drivable prototype of their new 4-door sedan, the Model S (code named “WhiteStar”). The event will be held at the Tesla Design Studio inside the SpaceX factory in Hawthorn, California. The Tesla Motor’s Blog states, “Our objective with the Model S was to create one of the most functional, intuitive and beautiful vehicles on the road.” The new electric vehicle will be built in the San Jose, California assembly plant.
The Tesla Model S should hit the road in 2011. It is designed as a high performance electric sedan in the same class as the BMW 5-Series. The Model S is expected to debut with a price range between $57,400-65,000 (plus it would be eligible for a $7,500 tax credit) and will have an expected range of 300 miles per charge. In terms of performance, expect a zero to 60 mph time of around 5.6 seconds with a top speed of 120 mph. It is rumored to have 4G (the next version of today’s 3G) cellular connectivity allowing users to access the internet, make phone calls and listen to streaming internet radio.
The Department of Energy is in the process of approving a $25 Billion fund for the Advanced Technology Vehicles Manufacturing loan program. The Obama administration has made it a top priority to get this cash to help secure jobs. Tesla Motors will likely get their fair share of this loan since it has actually build and sold an electric card, the Tesla Roadster. Tesla Motro’s Blog states, “[DoE informed them that] they may disburse funds from our $350M Model S loan application within four to five months.” The $350 million represents 1.5% of the total $25 billion in funds from the DoE.
The Tesla Motors business plan involves the Tesla Roadster and Model S as a means to redefine the public’s perception of an electric vehicle. Starting at the high end, the Roadster cost of $109,000 and subsequently the Model S cost of $65,000, will help pave the way for developing a more affordable third vehicle code named “BlueStar”