Tesla Model S on sale earlier than expected
Tesla Motors will begin deliveries of the Model S in June, a bit earlier than what the electric car manufacturer had initially projected. The new sedan is expected to account for 90% of its revenue this year.
|Photo: Tesla Motors|
Morgan Stanley analyst Adam Jonas believes Tesla is entering ”one of the riskiest moments of its history.” The company said it has adopted a “slow, methodical” approach to the launch and expects to sell 5,000 units by the end of 2012. So far, some 10,000 customers have reserved their own.
“Once we complete and document the tests, we will be able to sell our vehicles in the United States,” Chief Executive Elon Musk wrote in a letter to shareholders.
Pricing for the Tesla Model S will range from about $50,000 to $100,000 after a $7,500 federal tax credit (all figures in US dollars).