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It's Official: $49,900 Base Price for Tesla Model S

The highly anticipated Tesla Model S is less than a year away from rolling into showrooms and many are doubting if will meet its initial pricing target. Tesla, however, wants to put all doubt to rest today by announcing that the Model S will indeed carry a base price of $49,900 following federal tax credits.

The price applies to the base model, which will be equipped with the 40 kWh battery, which will boast an impressive estimated range of 160 miles on a single charge and an estimated 0-60 mph time of 6.5 seconds. Standard equipment includes a 17-inch touchscreen infotainment system and 19-inch wheels. The base Model S, however, will launch in Winter 2012 following the more expensive variants. Finally, a performance model fitted with the 85 kWh battery pack will cost $79,900, but will reward the driver with a 0-60 mph time of just 4.4 seconds.

First on the production schedule is the Model S equipped with the 85 kWh battery, which will go on sale in the Summer of 2012 with a price of $69,900 (after federal tax credits); it will have a range of 300 miles. Model S' equipped with the 65 kWh battery pack will following three month later and will travel 230 miles on a single charge; price is set at $59,900.

Tesla has also launched a dedicated website for the Model S, neatly laying out all the pricing, specs, and options. The rear facing seats, for example, will increase passenger capacity to seven and set you back $1,500, while the panoramic roof costs the same amount. The site also includes information on the number of charging options that will be offered with the Model S.

Source: Tesla