Unless you were sleeping, you should know that last week, San Francisco Mayor Gavin Newsom challenged Portland Mayor Sam Adams to the Great Electric Vehicle Race. It took no time for Seattle Mayor Greg Nickels to get into the game. So it comes as no surprise that on Saturday, July 13th, Gavin had Tesla founder, Elon Musk as a guest on his show.
California based Tesla produces the only highway legal electric vehicle on the road. Last month, Tesla secured $465 million in federal low interest loans through the U.S. Department of Energy as part of the administration’s plan to have one million plug-in electric cars on the road by 2015.
About 7 hours ago (even though pics were leaked a bit earlier), Tesla Motors finally took the wraps off their electric sedan, the Model S.
The sedan—which will cost about half as much as the Roadster—is intended to be a more practical and affordable alternative to their $109,000 sports car. Tesla anticipates a base price of about $49,900 after taking into account the electric vehicle federal tax credit of $7,500. If you include the cost of buying gas (at $4 per gallon of course) the price drops down to about $35,000.
By Adam Shake •
October 15, 2008
The Electric-car company Tesla Motors is replacing it’s current CEO Ze’ev Drori with current Chairman Elon Musk, in what seems seems to be a move to not only re-structure the company, but become cash flow positive.
