3,000 Buyers Pay $5,000 to Reserve the Tesla Model S

The Tesla Model S electric sedan is set to go into production next year, with deliveries starting in 2012. Tesla has announced that more than 3,000 buyers have plopped down $5,000 to reserve the sedan.

It may take sometime for Tesla to build 3,000 units of the S sedan, since it has only delivered 1,400 roadsters since it was introduced in 2008.

The Tesla Model S can be recharged from 120v, 208v or 240v outlet and can travel up to 300 miles on a single charge, depending on the trim level the buyer chooses. It reaches 0-60 mph in 5.6 seconds and has a top speed of 130 mph.

The base price for the Model S is $49,900 after the $7,500 federal tax credit.

Tesla also plans on building an electric version of the Toyota RAV4 and is currently making 1,500 electric powertrains for the Smart, Fiat 500 and for the Mercedes-Benz A-Class.

Full Story: DriveOn

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