Tesla Motors (NASDAQ: TSLA) has unveiled the Model S—and the initial reviews are raving over it.
There have already been 11,000 reservations placed for the pricey car, which will blow between $50,000 to $90,000 out of your wallet.
Compare this to Tesla’s projected production capacity of 20,000 unit production per year.
Back in July 2010, Tesla stock started out at $17 per share. Now the stock is riding high around $32.
Of course, the electric car market is still a very uncertain terrain, with varied factors such as sustained government backing, efficient production costs, and competitive pricing all playing a hand.
As of now, U.S. buyers of Tesla cars stand to get a $7,500 federal credit for the purchase of an electric car.
But some analysts are skeptical.
When it comes to cost-comparisons, analysts at Pacific Crest Securities cautioned the model may suffer when stacked up against the BMW 5-Series, Mercedes-Benz E Class, Audi A7 and the Porsche Panamera, which all come equipped with more amenities.
“Tesla’s interior just looks less expensive and less refined than the likes of BMW and Audi,” said Pacific Crest’s Ben Schuman.
But not everyone feels that way. In tune with popular acclaim and Tesla’s confidence so far, most analysts have maintained reasonably high expectations, including ramped-up Model S reservations at around 5,000 per quarter.