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Tesla Confirms Model S Sedan, 225-Mile Range and $60k |
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California Governator and (soon-to-be) Tesla Roadster owner, Arnold Schwarzenegger, addressed the seething throngs of media types at Tesla's San Carlos, California facility. The topics of conversation centered on new incentives for Tesla to continue its production of vehicles in the Golden State, specifically the start-up's second vehicle, codenamed the Model S, which according to Tesla, get 225 miles on a single charge and cost $60,000. Tesla did not officially announce when the new model would go on sale, nor would it say where in California the "multi-use sport sedan" would be produced.
 The incentive for Tesla to remain in California, rather than move
production of the sedan to New Mexico (discussed last year), is part of
the CAEATFA program that was approved last Wednesday. The initiative
exempts automakers from paying sales and use tax when they purchase
manufacturing equipment to build electric vehicles. That's expected to
save automakers - and Tesla specifically - millions of dollars when the
company invests in building a new plant in California. A Schwarzenegger
press conference wouldn't be complete without a lame quote from his
erstwhile movie career, and the Governor didn't let us down, saying
that he was disappointed by the initial announcement that Tesla was
considering a manufacturing center in New Mexico, but that "They'll be
back." And they are.
[SOURCE: autoblog.com READ THE FULL ARTICLE]
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