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Tesla Sets $57,400 Base Price for Model S

300-mile range carries $20,000 premium.

by on Dec.21, 2011

Tesla is still nearly a year away from the official launch of the Model S.

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.

In the Know!

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.