Tesla Model S: In Beta $TSLA
Tesla Motors (Nasdaq:TSLA) revealed the beta version of its Model S at its Fremont factory this weekend. The press was allowed to watch while interested potential customers received brief rides around the parking lot.
The beta is the phase of vehicle development before it reaches production.
Tesla’s future rests on its ability to build and sell the Model S in volume at a profit. The Roadster, a ubiquitous sight around Silicon Valley and other monied enclaves, was just a limited edition collector’s item to prove an electric vehicle could be built and sold with relatively little compromise. For $110,000.
Tesla has received more than 6,000 reservations for the Model S, a four-door, sportback sedan with room for five adults. The car does 0 to 60 in less than 6 seconds and can charge from any conventional 120 volt or 240 volt outlet. The vehicle comes with three range options: 160 miles, 230 miles and 300 miles.
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