TESLA MOTORS ANNOUNCES ITS MODEL S ALL-ELECTRIC SEDAN PRICING AND OPTIONS FOR 2012
In a press release dated December 20, 2011, Tesla Motors announced the pricing and options for the Model S all-electric sports sedan. The Model S prices start at $49,900 and depending on the size of the rechargeable battery and numerous options, goes up from there.
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PRESS RELEASE
December 20, 2011
We’re 10 days away from 2012. Around the office, we’re calling it The Year of Model S.
In anticipation of what is sure to be the most exciting year in Tesla’s history, we’re pleased to announce final pricing and options for United States reservation holders. This pricing will be in effect for all current US reservation holders. Due to volatility in currency rates around the world, we are not able to announce pricing outside the United States at this time. We expect to announce pricing about six months prior to the start of deliveries in those areas.
There have been a lot of rumors about price increases lately. I'm happy to say that all Model S pricing remains unchanged, including the basic version with the 40 kWh battery at the price we announced in 2009 of $49,900 after federal tax credits. $49,900 includes our game changing 17" Touchscreen, 19" Wheels and a Universal Mobile Connector with three adapters that will allow you to charge at home and on the road. This is an incredible car at an incredible price.
We will also stick to other commitments we made earlier this year regarding delivery of an 85 kWh battery in mid-2012, a 60 kWh battery about three months later and the 40 kWh battery around the end of the year. We are very proud of our battery technology and will offer warranties up to 8 years with unlimited mileage. That's another industry first from Tesla.
The Tesla team has worked extremely hard over the past three years to create a car that will far exceed your expectations and set a new benchmark for innovation and excellence in the automotive world. With the Model S, our aim was to create the best car in the world, not simply the best electric car. We believe we have achieved this goal.
In support of that goal, we have developed options that allow you to create a car that is perfect for your needs. Perfect for the way you see your car. We start with an all glass panoramic roof beyond what what you've experienced in any other car that is as close as you can get to a year round convertible. Add foldaway rear facing third row seats and your Model S becomes the only car in the neighborhood that kids want to ride in. For the music lover, we have a stereo that will knock your socks off. And we have put together a Tech Package that will take the most innovative car ever produced to the next level.
Speaking of going to the next level, Model S Performance accelerates from 0 to 60 in 4.4 seconds, faster than a Porsche 911 Carrera. It includes a Nappa Leather interior, exterior carbon fiber accents, Active Air Suspension and high performance tires and wheels. That's the way Tesla spells Performance. With an incredibly low center of gravity, Sport Tuned Traction Control and a high performance drive inverter, your favorite place to drive will be first in line at every red light. The Tesla Model S Performance Sedan will be available at start of production. Fasten your seat belt!
In order to make Pricing and Options as clear and easy to understand as possible, we arelaunching a new webpage today. We have included everything from Battery Specs to examples of the cool things you can do with Active Air Suspension. And don't forget to check out all the Charging Options at the bottom of the page. I'm not going to spill the beans too much in this post, but great things are about to happen when it comes to charging during cross country travel. More to come on that later...
In the meantime, thank you all for your continued support of Tesla. We appreciate everything you have done to help us get where we are today, and look forward to returning the favor by delivering the most exciting car you will ever own. Together let's bring a whole new meaning to the words Plug 'n Play!
Happy Holidays everyone. I can't wait for next year!
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COMMENTARY: At the end of June 30, 2011, Tesla Motors had received 5,300 deposits towards the Model S sedan, but far short from the 20,000 that Tesla Motors forecasts for 2012-2013.
In a blog post dated March 8, 2011, I profiled Tesla's Model S sedan, of which it has several versions: Basic Model S, and two others that get 230 miles and 160 miles, respectively, per charge. Consumers will pay for that extra battery capacity. Here were the prices back in June 2011.
Basic Model S - 160-mile range car selling for around $57,400 (as expected) before federal and state tax incentives.
Model S Long Range - 230-mile range car selling for around $10,000 more or $67,400 before federal and state tax incentives.
Model S Extra-Long Range - 300-mile range car selling for an extra $20,000 more of the basic Model S price or $77,400
According to a previous blog post about Pike Research. 33,000 and 45,000 EV's will be sold respectively in 2012 and 2013, the remainder are hybrids. Tesla expects to boost production of the Model S sedan to 20,000 units in 2013, which represents nearly half the total estimated by Pike for 2013. That's pretty bold, but at this juncture, these are raw estimates.
In a blog post dated January 2, 2011, I mentioned that Tesla Motors was on a very aggressive time schedule to start production of the Model S by mid-year 2012. It certain appears like Tesla Motors is dead set on meeting that schedule, and from the looks of things 5,300 pre-orders is quite an impressive number. If it can make good on its production time schedule, at $57,400 for the Basic Model S, that works out to $304 million in revenues or a gross profit of approsimately $76 million for 2012-2013. I am betting Tesla Motors will do 12,000 Model S, but that's just a guess on my part.
However, I don't dare underestimate Elon Musk, who is quite an impressive entrepreneur. He founded and runs both Tesla Motors and SpaceX. SpaceX is the first privately-owned spacecraft company startup, which is developing the Falcon 9 multi-stage rocket to replace NASA's Space Shuttle. SpaceX is already making money, I have a feeling it will go IPO sometime in 2012.
Courtesy of a press release dated December 20, 2011 by Tesla Motors
Comments
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Tesla has been doing a fine job on the Model S. It just looks great and I love it.
The Tesla Model S is a state-of-the-art in all-electric. They are not as plain and simple as they appear. the interior dashboard is incredible. check the touchscreen. As far as I know, only a few passenger vehicles: Mercedes-Benz, Porsche have touch screens in their high-end cars. Their electrical batteries are unlike anything out there, and they last longer too.
Tesla would probably hit in big in the market this year with the release of this much-anticipated model. ;) I love how plain and simple these car models are, and it helps that they're eco-friendly too!
A lot of people expect the Tesla Model S to beat cars of the same class when it comes to performance and convenience when it comes out in 2012. Maybe we can give this newbie a try and see if it can beat the speed and battery power of its rivals and counterparts.
The brillianlty, engineered-perfectly Tesla Model S is something to anticipate this year. I can already feel the car's greatness crawling and chilling my spine.
The Tesla Motors Model S sedan is not a concept car, but a honest to goodness all-electric luxury sedan. Tesla has already received deposits for 5,300+ Model S sedans.
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Tesla has been doing a fine job on the Model S. It just looks great and I love it.
Posted by: Drop Suspension | 01/17/2012 at 11:37 PM
Ellsworth,
The Tesla Model S is a state-of-the-art in all-electric. They are not as plain and simple as they appear. the interior dashboard is incredible. check the touchscreen. As far as I know, only a few passenger vehicles: Mercedes-Benz, Porsche have touch screens in their high-end cars. Their electrical batteries are unlike anything out there, and they last longer too.
Posted by: Tommy | 01/12/2012 at 05:43 AM
Tesla would probably hit in big in the market this year with the release of this much-anticipated model. ;) I love how plain and simple these car models are, and it helps that they're eco-friendly too!
Posted by: Ellsworth Mciltrot | 01/11/2012 at 06:56 AM
Truly 2012 will be the Year of the Tesla S for sure. With all that Tesla has to offer this has by far the best.
Posted by: Projector Headlights | 01/11/2012 at 02:30 AM
A lot of people expect the Tesla Model S to beat cars of the same class when it comes to performance and convenience when it comes out in 2012. Maybe we can give this newbie a try and see if it can beat the speed and battery power of its rivals and counterparts.
Posted by: Tyra Shortino | 01/06/2012 at 04:50 AM
The brillianlty, engineered-perfectly Tesla Model S is something to anticipate this year. I can already feel the car's greatness crawling and chilling my spine.
Posted by: Air Ride Parts | 01/04/2012 at 05:39 PM
Hey Car Restoration,
The Tesla Motors Model S sedan is not a concept car, but a honest to goodness all-electric luxury sedan. Tesla has already received deposits for 5,300+ Model S sedans.
Posted by: Tommy | 12/30/2011 at 05:51 AM
I love concept cars!
Posted by: car restoration | 12/29/2011 at 09:17 PM