Report: Tesla Model S sedan deliveries to begin next month

Tesla yesterday reported a first-quarter net loss of $89.9 million compared to $48.9 million a year earlier. However, the electric-car maker has some good news – it said that it will start delivering the Model S electric-sedan to customers next month, much earlier than the company had originally planned.

Check out all the details, specs and pricing info for the Tesla Model S here.

Tesla said that once it finishes crash tests required by U.S. safety regulators, it can start delivering the Model S to customer in June.

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“Once we complete and document the tests, we will be able to sell our vehicles in the United States,” Chief Executive Elon Musk said in a letter to shareholders.

Check out more news on the Tesla Model S.

The company expect 90 percent o the company revenue this year to come from sales of the Model S. It plans on delivering 5,000 units of the Model S by the end of 2012 but has reservations of more than 10,000.

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.

– By: Omar Rana

Source: MSNBC