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Tesla Motors Unveils All-Electric Sedan

Model S can travel 300 miles on a single charge

March 27, 2009

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Americans could soon by driving a car powered completely by electricity, but it might be rolling off assembly lines in Silicon Valley, not Detroit. Tesla Motors, a California company founded six years ago to pioneer "green" automotive technology, has introduced its Model S, an all electric family sedan that carries seven people and travels 300 miles per charge.

The Model S, which carries its charger onboard, can be recharged from any 120V, 240V or 480V outlet, with the latter taking only 45 minutes, the company. By recharging their car while they stop for a meal, drivers can go from LA to New York in approximately the same time as a gasoline car. Moreover, the floor-mounted battery pack is designed to be changed out in less time than it takes to fill a gas tank, allowing for the possibility of battery-pack swap stations.

"Model S doesn't compromise on performance, efficiency or utility — it's truly the only car you need," said Tesla CEO, Chairman and Product Architect Elon Musk. "Tesla is relentlessly driving down the cost of electric vehicle technology, and this is just the first of many mainstream cars we’re developing."

Tesla expects to start Model S production in late 2011. The company believes it is close to receiving $350 million in federal loans to build the Model S assembly plant in California from the Deptment of Energy's Advanced Technology Vehicle Manufacturing Program.

Tesla says it is the only production automaker already selling highway-capable EVs in North America or Europe. With 0-60 mph in 3.9 seconds, it says the Roadster model outperforms almost all sports cars in its class yet is six times as energy efficient as gas guzzlers and delivers 244 miles per charge. Tesla has delivered nearly 300 Roadsters, and nearly 1,000 more customers are on the wait list, the company said.

Tesla says the cars have other advantages; they do not require routine oil changes, and they have far fewer moving, and breakable, parts than internal combustion engine vehicles. They qualify for federal and state tax credits, rebates, sales tax exemptions, free parking, commuter-lane passes and other perks. Model S costs roughly $5 to drive 230 miles — a bargain even if gasoline were $1 per gallon.

However, not every driver can afford one. The anticipated base price of the Model S is $49,900 after a federal tax credit of $7,500. The company has not released options pricing. Three battery pack choices will offer a range of 160, 230 or 300 miles per charge.

"Model S costs half as much as a Roadster, and it's a better value than much cheaper cars," Musk said. "The ownership cost of Model S, if you were to lease and then account for the much lower cost of electricity vs. gasoline at a likely future cost of $4 per gallon, is similar to a gasoline car with a sticker price of about $35,000. I’m positive this car will be the preferred choice of savvy consumers."

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