Tesla’s Model S electric car will be available earlier than scheduled. It will go on sale this June. While this is good news for the company, it was dealt with a painful blow when it posted an $89.9 million loss in the first quarter, nearly double the $48.9 million loss reported for the same period in 2011.
Nevertheless, Automotive News reveals that Tesla expects its total revenue for this year to be at least $560 million. It had initially forecasted a revenue of $550 million. However, it raised its expectations because of the early launch of the Model S. CEO Elon Musk is hopeful that Tesla will make profits in 2013, anticipating a 25% gross margin. Tesla is hoping that the Model S will arrive sooner.
The output for the Tesla Roadster was cut last year and according to The Detroit News, just about 200 Tesla Roadsters remain in Asian and European showrooms. Furthermore, Tesla predicts that it soon spend the entire $465 million loan it got from the Department of Energy.
Even with Tesla’s shortage of vehicles for test-drives, it said that there’s plenty of interest in the Model S. There has been a minimum of 10,000 pre-order requests for the upcoming EV, which will be produced in Northern California at Tesla’s assembly plant. The Tesla Roadster had a very expensive six-tag price that almost got to 7,000.000.
Meanwhile, the Model S is much more affordable with a base price of $49,000 following tax credits. It will be available with three battery options that range from 160 to 300 miles per charge. The Model S would be capable of recharging its battery to 80% capacity when plugged into a fast charger.
Its other standout features include its rear-facing, third-row seats (expanding passenger capacity to seven) and its 17-inch, touchscreen infotainment display.
Tesla expects to sell 5,000 units by the end of 2012. It also aims to make 20,000 units annually as soon as its plant operates at full speed. The Model S can start selling the Model S after it passes the needed cash tests.
Tesla’s Model S is the very first fully electric sedan. It represents an evolution in the field of automotive engineering. The Tesla Model S combines performance, efficiency, and safety. It has reset our expectations of the 21st century car by achieving the highest safety ratings possible, over-the-air software updates, and the longest range ever of an electric vehicle.
The car’s battery was built on Tesla’s platform and its position on the floor gives the Model S a very low center of gravity, which significantly reduces the risk of a rollover and at the same time enhances performance and handling. Without an engine, the Model S features a crumple zone that is much larger compared to other performance sedans and which absorbs energy in the event of a front-end impact.
Moreover, the Tesla Model S is considered to be one of the world’s safest cars. A bulk of its safety can be attributed to its unique electric drivetrain, which sits beneath the car. What’s more, the car’s NHTSA and Euro NCAP five-star safety rating and the fact that it recorded the lowest likelihood of passenger injury during testing in the U.S. prove the safety record of the Model S.
Standard active safety features that can be found in the car include automatic emergency braking, lane departure warning, blind spot detection, collision warning, and optional convenience features such as traffic-aware cruise control, autopark, summon, and autosteer.