Tesla will offer its first mass-market model for a base price of $57,400 – with a super high-range lithium-ion battery adding another $20,000 to the price tag for the Model S sedan.
The new 7-seater is expected to reach production late in 2012, Tesla launching production at an old California assembly plant until recently operated as part of a joint venture between General Motors and Toyota. The maker has received hundreds of millions in federal loans to push the Model S project forward, while Toyota has also come aboard as a minority investor in Tesla.
The prices quoted by Tesla reflect the figures after including a $7,500 federal tax credit, so the MSRP for the base Model S, with a 160-mile, 40 kilowatt-hour battery will actually be $64,900. A top-line Performance Model will carry a sticker of $94,900 – or $87,400 after accounting for the federal tax credit.