Tesla has just released an update on its ‚ upcoming 2012 Model S all-electric sedan, for which it has received 3,700 reservations (each costing $5,000).
The main points from the update:
Tesla&'s fans and investors have closely followed news on the company&'s Model S progress, from news it had completed its first prototype to video of the prototype zipping along country roads (below). While Tesla made a name for itself with the Roadster electric sports car, the company has acquired a $42 million Fremont factory and staked its future on the expansion into full-scale production of other models, starting with the Model S.
Investors have said they&'re optimistic that if Tesla can deliver the Model S on time and at the promised price, it&'ll have a competitive spot in the market. Tesla will be coming up against a more robust electric car market than it did when it first released the Roadster electric sports car a few years ago, though. Fellow government-supported startup Fisker will begin selling the luxury, sporty plug-in hybrid Karma this year for $95,500, albeit later and at a higher price than initially promised. Other luxury carmakers like BMW are also planning electric sedan and sports car offerings.
Model S Alpha Hits the Road from Tesla Motors on Vimeo.
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Companies: Tesla
People: Elon Musk
Companies: Tesla
People: Elon Musk
Iris Kuo is the VentureBeat's lead GreenBeat writer. She has reported for The Wall Street Journal in Hong Kong, Houston Chronicle, the McClatchy Washington Bureau and Dallas public radio. Iris attended the University of Texas at Dallas and lives in Houston. Follow Iris on Twitter @thestatuskuo (and yes, that's how you pronounce her last name).
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