All-electric Tesla Model S sedan all sold out for 2012


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The all-new Tesla Model S electric sedan hasn’t even got off from the production line yet, and already the all-electric car has been sold out for the year 2012 production run.

According to the Tesla Motors CEO Elon Musk, during an interview with Bloomberg news, he said that the company has sold out all the available units for next year’s production. As a result, this would put the company at a profit point in 2013. Well, that’s certainly good news for this underdog automaker.

The all-electric Tesla Model S with the initial plan to produce 5,000 units per year, but since more than 6,500 units have already been ordered with a $5,000 refundable, reservation fee, the company expects to vamp up its production line.

“They’re mostly new buyers,” Musk said. “Only about 600 people who have ordered Roadsters have also bought the Model S.”

The all-electric Tesla Model S sedan will have a starting price tag at $49,000 after a federal tax credit of $7,500. In addition, if you live in California, there is another $2,500 environmental tax credit. So check your state to see if you can qualify for an environmental tax credit on all-electric cars. [10/11/2011]

Update: 6/22/2012

The Tesla Model S is officially rated by U.S. EPA at 89 miles per gallon equivalent (MPGe) (combined), 88 (city) and 90 (highway).  Tesla says the range is to be 265 miles using the EPA’s five-cycle testing procedure.  That range figure is only for the top-of-the-line version with the 85-kWh battery that starts at $69,900. The base Model S sedans available with less range and a smaller price tag, as well as a Performance model starting at $84,900.  Deliveries are expected to be today at the company’s Fremont factory in California.

Source: Automotive News