Today, Tesla has unleashed its latest electricity based car, the Model S sedan. The car has been uncovered by Elon Musk, Tesla CEO.
The Model S sedan will be available at a price of $50,000 i.e. £34,500, taking the rebate benefit of $7,500 i.e. £5200 from US federal government. The production of the Model S sedan is relying on the decision of the US Department of Energy.
Musk is looking forward to Tesla attaining a $350 million equivalent to £245 million loan, an opportunity that can be taken as part of President Obama’s package for stimulation.
If Musk succeeds in getting the loan, he will use the money to build a factory in US for the production of Model S.
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