Print 37 comment(s) - last by superstition.. on Dec 24 at 12:19 AM

Cheapest Tesla Model S won't be available until Winter 2012

Tesla Motors has been teasing its gorgeous Model S electric sedan for well over two years now. Now the company has confirmed the official pricing for the vehicle, and is holding firm on the $49,990 price of entry after $7,500 federal tax credit.
As it stands now, here's how the four Model S variants will stack up (compared based on their battery capacity). All price listed include the tax credit:
(40 kWh)
$49,900, 0-60 in 6.5 seconds, 110 mph top speed, 160-mile range
(60 kWh)
$59,900, 0-60 in 5.9 seconds, 120 mph top speed, 230-mile range
(80 kWh)
$69,900, 0-60 in 5.6 seconds, 125 mph top speed, 300-mile range
(85 kWh Performance)
$79,900, 0-60 in 4.4 seconds, 130 mph top speed, 300-mile range
All Model S sedans come standard with a 17" touchscreen, 19" wheels, and seating for up to seven passengers. Yes, you read that correctly; the Model S has seating for seven courtesy of two [optional] rear-facing jump seats in the rear cargo area.


Tesla Model S

Tesla's ordering page also lists all of the available options for the Model S including a $1,500 panoramic roof, $3,750 tech package, $1,500 active air suspension, and $1,500 rear-facing seat option.
The two 85 kWh variants will be made available in Summer 2012, the 60 kWh arrives in the Fall 2012, and the entry-level 40 kWh variant won't be available in the U.S. until Winter 2012 if all goes as scheduled. 

Tesla Model S jumpseats [Source: Autoblog]

Sources: Tesla Mors [Press Release], Tesla Motors [Pricing and Options]

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RE: Please....
By kingmotley on 12/21/2011 1:49:52 AM , Rating: 3
That's not how tax bills work. If you end up with a $10k tax bill, and now you are only paying $2.5k, you still saved $7.5k. The worst case is where you didn't make enough to owe more than a $7.5k tax bill, then you only get a partial credit, but most people looking to buy a $50k car will have earned more than that.

RE: Please....
By mjdaly on 12/21/11, Rating: 0
RE: Please....
By Solandri on 12/21/2011 3:50:54 AM , Rating: 3
In this context, they are the same thing.

You have $70k in the bank.
The car costs $57.5k, leaving you with $12.5k in the bank.
You owe $10k in taxes.
You get a $7.5k tax credit, and thus pay $2.5k in taxes.
You have $10k in the bank remaining.

You have $70k in the bank.
The car costs $50k, leaving you with $20k in the bank.
You owe $10k in taxes, and pay $10k in taxes.
You have $10k in the bank remaining.

In both cases you end up with the same amount of money in the bank. The only time it makes a difference is if you owe less than $7.5k in taxes, or if you have between $50-$57.5k in the bank, in which you can't afford the up-front cost of the car to take advantage of the tax credit.

The point you're making (saving money by not buying the car) is a valid one. But the tax credit is irrelevant to that argument.

RE: Please....
By jimbojimbo on 12/21/2011 10:03:31 AM , Rating: 2
The only problem with the second part there is the car doesn't cost $50k. It costs $57.5k so you'd end up with $2.5K in the bank at the very end.

RE: Please....
By Rukkian on 12/21/2011 11:10:40 AM , Rating: 2
He was trying to show that paying 57.5k for the car and getting the credit is exactly the same in the end as paying 50k for the car and not getting the credit. It ends up the same, not sure what you do not understand.

I do agree on the part that this credit should not exist on 50k cars (or any cars?) as either it makes sense or it doesn't, and I have a feeling that EV car manufacturers are inflating prices since they know they can advertise that you get the credit and just basically pocketing the money from everybody's pockets that actually pay taxes.

RE: Please....
By Redwin on 12/21/2011 10:30:40 AM , Rating: 2
But Ben Franklin told me a penny saved is a penny earned.

"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain

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