Tesla Model S Sedan Concept: First Official Pictures!

The Model S is being designed as a high performance electric sedan, competing with such cars as the BMW 5-series. This is primarily in order to justify the high costs of high density lithium ion batteries. This business model follows that of the the high performance Tesla Roadster sports car, which has a base price of $109,000 USD / € 99,000.

Initial pricing is estimated at $57,400 for the standard model with a 150 mi (240 km) range or $65,000 for a premium model with greater performance and a 300 mi (480 km) range.[5][6] The company also announced plans to rent or lease high capacity battery packs which offer a 300-mile range.Profits from the Model S are expected to fund development of a more affordable third vehicle codenamed "BlueStar".

The chassis, body, motor and energy storage system will likely be unique to Tesla Motors.

Construction of the assembly factory in Albuquerque, New Mexico (a central location for shipping) was supposed to begin in April 2007, but was canceled and production moved to San Jose, California.

On the 12th of February 2009 Elon Musk, CEO of Tesla Motors, officially stated in the Tesla Motors Blog that the prototype car will be revealed March 26th, 2009 at SpaceX in Hawthorne, California.

On February 1, 2008 it was reported that Tesla Motors was planning to offer a range-extended version of its Model S. This version would include a gasoline engine whose purpose is to extend the driving range of the vehicle. Those plans have been scrapped. Speaking at the GoingGreen conference on September 18, 2008, Musk officially said that Tesla was only pursuing all-electric cars and not hybrids.