Tesla to Build $60,000 Electric Sedan

Tesla’s upcoming Model S (earlier named “White Star”), will be a $60,000 car, said Tesla Chairman Elon Musk at the press conference. The Model S is being designed to seat five and have a single-charge range of 225 miles.

$60,000 is a bit pricey, but I think it is better to be expensive and work well, than to be cheaper with compromises. That 225 mile range is key in allowing people to switch from gasoline powered cars.

And for those who can't quite swallow paying $60,000, how much longer are you going to have to wait?

Musk also said Tesla has a project in the works to to deliver an electric vehicle for under $30,000 “a lot sooner than everyone thinks.” When pressed for how long that would take, he said: “4 years at the most.”

via Green Car Congress and Earth2Tech