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500 Model S sold in 1st week

Discussion in 'Model S' started by vfx, Apr 1, 2009.

  1. vfx

    vfx Well-Known Member

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    #1 vfx, Apr 1, 2009
    Last edited: Apr 1, 2009
    WASHINGTON - (Business Wire) Tesla Motors has taken 520 reservations for the Model S, an all-electric family sedan that carries up to seven people and travels up to 300 miles per charge.
    Tesla launched the car March 26, and orders immediately began streaming in online and at showrooms in California. Tesla plans to open stores in Chicago, London, New York, Miami, Seattle, Washington, D.C. and Munich this year.

    “Frankly the number of cars reserved in the first week has exceeded our optimistic internal projections,” said Tesla CEO, Chairman and Product Architect Elon Musk. “Enthusiasm surrounding the Model S is proof that there’s pent-up demand for more affordable, fuel-efficient vehicles – including those made in America.”

    The Model S will likely be the world’s first mass-produced, highway-capable electric vehicle when production begins in late 2011. The company has applied for a $350 million loan from the Department of Energy’s Advanced Technology Vehicle Manufacturing Program, which would be used to build the Model S assembly plant in California.

    The East Coast premier of the Model S is tonight at the National Building Museum in Washington, D.C. The drivable prototype also will be shown in New York, Chicago, Miami and Seattle this spring and summer.

    The Only Car You Need

    The Model S can be recharged from any 120V, 208V or 240V outlet or quick-charged from an external direct current supply in only 45 minutes. You can recharge the car during rest stops or meal breaks, enabling the Model S to go from L.A. to New York in approximately the same time as a gasoline car.

    The Model S does 0-60 mph in 5.6 seconds, and will have an electronically limited top speed of 130 mph. A 17-inch touchscreen with in-car 3G connectivity means you can listen to Pandora Radio or consult Google Maps, or check the car’s state of charge remotely on your iPhone.

    The anticipated base price of the Model S is $49,900 after a federal tax credit of $7,500. The $5,000 reservation fee is refundable, and the car is a better value than far cheaper cars.

    If you account for the much lower cost of electricity vs. gasoline at a likely future cost of over $4 per gallon, the Model S is equivalent to buying a gasoline car with a sticker price of about $35,000, such as a Ford Taurus. Importantly, those savings are realized immediately if you lease a Model S, so there is no need wait years to earn back the price difference.

    Three battery pack choices will offer a range of 160, 230 or 300 miles per charge. The company has not released options pricing.

    Tesla also is taking reservations for the Model S Signature Edition with a $40,000 reservation fee. Tesla will produce only 2,000 Signature Edition cars, which will be the first built and have unique interior and exterior features. Signature Edition cars will be evenly split between U.S. and European customers.

    Proven Technology

    Tesla is the only production automaker selling highway-capable EVs in North America or Europe today. With 0-60 mph in 3.9 seconds, the Roadster outperforms almost all sports cars in its class, yet is more than twice as energy efficient as a Toyota Prius and delivers 244 miles per charge.

    Tesla delivered 104 Roadsters to customers in March, marking the first triple-digit delivery month in the company’s history. Tesla delivered over 170 cars in the first quarter – more than the total delivered in 2008.

    Tesla has delivered about 320 Roadsters so far. The base price of the Roadster is $101,500 after a $7,500 federal tax credit.

    Teslas do not require routine oil changes, and have far fewer moving (and breakable) parts than internal combustion engine vehicles. They qualify for federal and state tax credits, rebates and sales tax exemptions. The Roadster costs roughly $4 to drive more than 240 miles – a bargain even if gasoline were less than $1 per gallon.

    Tesla plans to introduce more affordable cars and partner with other automakers to help them produce mass-market EVs. Tesla announced in January it is partnering with Daimler AG to produce the battery packs and chargers for at least 1,000 Smart EVs.

    “Tesla is relentlessly driving down the cost of battery technology – similar to what other technology companies did to make cellular phones and laptop computers low-cost commodities,” Musk said.

    About Tesla Motors

    San Carlos, California-based Tesla Motors designs and manufactures electric vehicles with exceptional design, performance and efficiency, while conforming to all North American and European safety, environmental and durability standards. The Roadster, which has a 0-to-60 mph acceleration of 3.9 seconds, is the only highway-capable production EV for sale in North America and Europe. Tesla expects to begin producing the Model S sedan in late 2011.


    Tesla Motors, Inc.
    Rachel Konrad, +1-650-701-2664
    [email protected]
     
  2. Palpatine

    Palpatine Banned

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    I wonder how many deposits were for the Signature series at $40,000 and how many were for $5,000?

    520 X $5,000 = $2,600,000

    Let's say that 100 are for Signature Series and 420 were for $5,000. That is likely as good an estimate as any.

    100 X $40,000 = $4,000,000
    420 X $5,000 = $2,100,000

    Total $6,100,000 in deposits for Tesla to fund operations.
     
  3. mt2

    mt2 Member

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    I'm betting sales will taper off and then bounce up sharply when they break ground on the factory. The fact that the location has moved four times is one of the things that gave me pause when I when I started the buying process. Not the only thing, of course. But when I decided to delay the purchase, I committed myself to a "date" of sorts, and I picked the factory's ground-breaking - whenever that will be.
     
  4. Palpatine

    Palpatine Banned

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    I think their sales will really take off on the news that the gov't loan is approved. That is what my mother is waiting for. She figures that if they get the gov't loans the car will likely be delivered. It makes sense.
     
  5. vfx

    vfx Well-Known Member

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    Couple of us are waiting for the Fed announcement of the 350M to Tesla.
     
  6. Kevin Harney

    Kevin Harney Active Member

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    According to Elon yesterday they are EXPECTING and answer on the loans VERY shortly. In the next couple of weeks - to be exact on what he said. However, he cavioted that by saying that he does not know what a couple weeks means to the govt.
     
  7. Tdave

    Tdave Member

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    Kevin, not to contradict you, but all I heard him say while standing next to you was, "within weeks". In fact he went on to say, "Who knows what weeks could mean. It could mean 20."
     
  8. Kevin Harney

    Kevin Harney Active Member

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    Yes that is a more accurate account of it. I could not remember exactly what he said so I left it out in order to not misquote. Thanks.
     
  9. dpeilow

    dpeilow Moderator

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    #9 dpeilow, Apr 3, 2009
    Last edited: Apr 3, 2009
  10. Palpatine

    Palpatine Banned

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  11. Iz

    Iz EVs are here to stay

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    What is Motortrend's definition of hybrid?
     
  12. Kevin Harney

    Kevin Harney Active Member

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    It does not really matter what their definition is ..... it is not a hybrid in any way shape or form....
     
  13. DDB

    DDB Member

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    VFX, I thought you had a Fisker down payment? And check out the link I just posted for the $50-70K Ford Fusion (Elon nailed it)--why pay it?

    Ford EVs by 2012 - Page 3 - Tesla Motors Club Forum
     
  14. donauker

    donauker Member

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    The link posted states $50 to 70K for the Transit Connect no price is stated for the Fusion.
     
  15. vfx

    vfx Well-Known Member

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    We do. It's a race! :tongue:
     
  16. vfx

    vfx Well-Known Member

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  17. Iz

    Iz EVs are here to stay

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    #17 Iz, Apr 3, 2009
    Last edited: Apr 3, 2009


    That was my point exactly. The $7500 rebate should only apply to vehicles that use no fossil fuels at all. While it is true the Volt is a serial hybrid and one can drive it without ever filling the gas tank, it still has an ICE. The engine can probably power the car on gasoline with its battery removed.
     
  18. dpeilow

    dpeilow Moderator

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  19. Kevin Harney

    Kevin Harney Active Member

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    Actually Iz to make it worse.....

    You could drive the Volt and Never plug it in if you wanted to ...... :mad:
     
  20. vfx

    vfx Well-Known Member

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    While I agree wholeheartedly, it was surely the lobbying efforts of GM who got the $7,500 for their Volt. (Note the requirement aligns with the Volt's projected numbers exactly. As the only current car that (over) qualifies, Tesla just benefits.
     

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