Tesla's Model S Receives 89 MPGe EPA Rating
June 21, 2012 12:11 PM
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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
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.
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.
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
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6/22/2012 11:42:50 PM
Be interested in knowing what the life of the battery packs are. When the battery pack is in need of replacement, how much do they cost? Can you up or downgrade your battery pack? How much house current do these things draw when you plug them in for a recharge?
"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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