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?