backtop


Print 16 comment(s) - last by StormyKnight.. on Jun 22 at 11:42 PM

The Model S also received a 265-mile range on the EPA's new five-cycle testing procedure

Tesla's top-of-the-line Model S has finally received its EPA ratings, and as previously predicted, the vehicle landed a 265-mile range.

Tesla's Model S is an electric sedan that comes in three different versions, with 40 kWh, 60 kWh or 85 kWh battery packs. The lower-end 40 kWh base model will sell for $57,400 while the higher-end model will sell for $105,400. The Model S is eligible for the $7,500 federal electric tax credit as well.

The U.S. Environmental Protection Agency (EPA) has released its ratings for the high-end 85 kWh Model S, giving the electric sedan a mile per gallon equivalent (MPGe) rating of 89 combined, or 88 city and 90 highway.

Also, the Model S underwent the EPA's new five-cycle testing procedure scoring a 265-mile range. The vehicle also landed a 300-mile range using the EPA's traditional two-cycle testing. This puts the Model S far ahead of the electric competition.

With
these kinds of EPA ratings, the Model S is sure to gain some attention. In fact, the EV has already proved to be a popular addition to Tesla's electric family with 10,000 reservations so far, where each customer had to pay $5,000 to reserve the vehicle.


Also, the automaker expects the Model S to help bump its annual revenue estimate to $560 million to $600 million USD, which is about $175 million per quarter. This is about six times its current revenue.

Last month, Tesla also announced that the Model S would arrive ahead of schedule, causing the automaker's stock to surge.

Clearly, the Model S has been helpful for Tesla's pocket, which took a big hit earlier this year. In Q1 2012, the automaker poured out $89.9 million USD in losses. Since 2009, Tesla has reported losses of over $500 million USD.

Tesla Motors received $465 million in federal loans from the U.S. Department of Energy in order to retrofit a former General Motors and Toyota factory as well as develop the Model S. So far, Tesla has used about $360 million of that loan.

Tesla will begin shipping the Model S tomorrow.

Source: Auto Blog



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

Just curious.
By NellyFromMA on 6/22/2012 9:06:19 AM , Rating: 2
Do you think hard driving degrades the qualities of the batteries, and if so how does that impact mpg?




RE: Just curious.
By alpha754293 on 6/22/2012 9:16:53 AM , Rating: 2
Hard driving shouldn't really affect the energy efficient (MPGe). But rapid discharge and recharge will cause additional wear and tear on the electro-chemical process, so it'll come at the expensive of battery life (and ultimately, range).


"So, I think the same thing of the music industry. They can't say that they're losing money, you know what I'm saying. They just probably don't have the same surplus that they had." -- Wu-Tang Clan founder RZA














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki