Electric car business Tesla Motors Inc. took 711 reservations, at $5,000 a pop, for its model S sedan, due out in late 2011, in the two weeks since it first showed the car.
That adds up to $3.5 million for the company, although the $5,000 reservation fees are refundable.
The sedan model will cost about $57,500 each, although owners will be eligible for a $7,500 tax credit, cutting the cost to about $50,000…Â Details
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on Tuesday, April 14th, 2009 at 12:16 pm and is filed under Auto Misc., Automobile, Electric Vehicles, New Automobile Products & Tests.
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