Friday, March 27, 2009

An All-Electric Sedan, Awaiting Federal Aid

The article I read called, An All-Electric Sedan, Awaiting Federal Aid, is talks about Telsa Motors and their new car they are planning to create, however during this time in the econemy, they cannot start to produce it without around $450 million dollars in goverment loan. It is called the Model S and it will be the first all- electric sedan which will begin the generation of fossil-free cars. This car will cost between $57,400 and $49,900, however, if you take into account how much you save in gas prices, it would be equivilent to buying a $35,000 sedan. The battery takes 45 minutes to charge and can run for 300 miles on each charge. As for the amount of space it has, it can hold 5 adults and two children rear facing seats in the back. This car is equipped with a touch screen and internet, which is stored under the hood. Depending on if they get the goverment loan or not, they are hoping for the Model S to be ready by mid 2011.

In my opinion, I think that this is really cool and the start of something big. I hope that they are able to get that goverment loan and start the production of the car which they say will take around 24-30 months. Telsa also has a waiting list where you can reserve one of the first 2,000 cars produced if you put down $4,000. They are also using this money to help finance the sedan. Elon Musk, the company's cheif executive says that “This car will be manufactured, it will come to market. You should have zero doubt about that."

1 comment:

  1. Do you think people will be willing to pay that much for it, even knowing eventually they'll save a lot in gas? Do you think the government should be giving loans for these kinds of technologies?

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