Tesla's New Set of Wheels

Written By Brianna Panzica

Posted June 22, 2011

Calling all eco-friendly car lovers.

Remember the Tesla Roadster? Debuted in 2006, it was one of the first all-electric cars that was legal on the road, and it revolutionized the face of electric vehicles.

Well, there’s good news and bad news.

The bad news is the final production of Roadsters will finish up this year.

The good news? Tesla Motors (NASDAQ: TSLA) has something else in store – something more family-friendly and more affordable than the $109,000 Roadster that was only realistic for celebrities like Brad Pitt and Leonardo DiCaprio.

Next year, Tesla will start production of their new all-electric Model S sedan, ranging in price from about $57,400 to $87,400, according to The Car Connection.

The Model S will be able to fit up to seven people with an optional third row of rear-facing seats.

It has sufficient cargo space, with room under the hood, since the battery is small enough to be included in the floor plan.

The lowest-priced edition will have a range of 160 miles per charge, with a high-end range of 300 miles per charge.

Compare this to the 250-mile range on the Roadster relative to price.

While many are sad to see the Roadster go, and orders for it will only be available for the next two months or so in the U.S., Tesla won’t let it’s customers down.

Another flashy feature of the Model S will be it’s large center screen for displaying apps. And this will include the ability to check the vehicle’s charge on a Smartphone.

Production will begin in 2012, and for that year Tesla is set to produce about 5,000 of the new vehicle. In 2013 the company will amp up production to 20,000.

Tesla won’t be stopping there, either.

Talk is circulating of a new crossover vehicle, the Model X.

Very little is known of this model as of yet, but more should surface soon as it’s speculated production date is sometime in mid to late 2013.

That’s all for now,

Brianna

Angel Publishing Investor Club Discord - Chat Now

Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.