Tesla CTO: Tesla Model S electric sedan will be profitable

Tesla Model S
Tesla Model S

Earlier this month, Tesla announced the full pricing details on the upcoming Tesla Model S sedan. With the starting price tag of $49,900 after a $7,500 federal tax credit ($57,400 before the tax credit), Tesla says that all Model S sedan variants will be profitable.

That starting price tag is for base model, which will return a total of 160 miles on a full charge. The 230-mile range variant will cost an extra $10,000, while the 300 mile range variant will cost another $20,000. According to J.B. Straubel, Tesla’s Chief Technology Officer, all grades of the Model S will make money

“We can’t sell this car at a loss,” Straubel said. “We know what the targets are, what the materials cost. Tesla is enormously more capable than we were four to five years ago.”

Click here for more news on the Tesla Model S.

The first 1,000 units to roll off the assembly line will be the top-of-the-line Model S Signature Series.

The Tesla Model S will start hitting U.S. roads in mid-2012.

Refresher: The Tesla Model S sedan can be recharged from any 120v, 208v or 240v outlet. Depending on which Model S trim-level you chose, the all-electric sedan will provide you with a total range of 160, 230 or 300 miles per charge. 0 to 60 comes in just 5.6 seconds with a top speed that is limited to 130 mph. Pricing is expected to come in at $49,900 after a federal tax credit of $7,500. A $5,000 reservation fee is required but is refundable.

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– By: Omar Rana

Source: Free press