Here Comes the Tesla Model S, a Month Early!

2013 Tesla Model S

I know a guy who put a deposit on a new Tesla Model S. Well, okay, I know of a guy who put a deposit on a Tesla Model S.

He’s a friend of my mom, actually, and was in a Bellevue, Wash., shopping mall where the sleek electric sedan sat on display. Immediately stricken, the man wrote a $5,000 check and reserved a Model S of his very own.

That’s the kind of effect a truly revolutionary car will have on people. In fact, this friend is only one of about 10,000 people who have ponied up a deposit on what Tesla hopes is the car that will secure its future.

And it’s arriving a month earlier than planned.

A report at Yahoo says that Tesla is finishing up crash testing the hotly anticipated EV, which is happening fast enough to start production in about a month.

It’s good timing, too, because the automaker has announced a first-quarter loss of almost $90 million. Investors and company execs expected that, though, as everyone knows the company won’t start making money until the Model S is well into its production cycle. The plan is for the second half of this year to generate some $600 million in revenue, an increase of 10 times over the first half-year’s revenue. That’s assuming Tesla’s plan for 5,000 Model S units materializes.

The first 1,000 units will be the top-of-line Model S Signature, which comes with an all-electric range of 320 miles and a $97,000 price tag. The base Model S, with a 160-mile range, will begin at $49,900 and enter production by the end of the year.

If the car performs as promised, and doesn’t suffer from embarrassing break-downs or electrical fires as fellow-EV maker Fisker has endured, I think Tesla will see incredible success and go down in history as a legendary story of U.S. ingenuity and perseverance.

Let’s say you have a $60,000 new-car budget. Is the Tesla Model S on your list?

-tgriffith

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  1. Randy
    May 11th, 2012 at 19:23 | #1

    A 60K budget for a car would have me thinking about things like Lotus, Jaguar or Aston Martin (or even a cheap Ferrari), not an electric.

  2. panayoti
    May 11th, 2012 at 11:18 | #2

    No, but the 320 mile range did catch my eye. Granted this is not a small vehicle but what technology is there that gets 320 miles? If it is just the sheer size of the batteries that is one story, if it is a new technology that could be packaged into a smaller frame, that might be revolutionary especially if it were paired with a decent price metric, say like the current Prius C. The C still uses gasoline but if some one could put smaller batteries into something like the C frame and get 320 miles we would be asking, What is OPEC?? The technology still isn’t there but I would bet that if money were available to continue R&D on the battery side, we may still see this little idea work sooner rather than later.

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