Sports Car Maker Tesla Motors Receives Loan from US Government to Build Sedan
For most of us the name “Tesla Motors” conjures up images of the incredibly cool Tesla Roadster. The ultimate green exotic car, the Tesla Roadster stays green while getting incredible performance, but it has an exotic car price tag in the six figures.

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Now, Tesla Motors will begin work on a much more affordable family sedan. The project is receiving funding from the US Department of Energy as part of the Reinvestment and Recovery Act. Tesla Motors will be receiving $465 million in low-interest loans to help speed the production of the new sedan.
The sedan, called the Model S, is expected to have a base price under $50,000 after customers apply a $7,500 tax credit for green vehicles. However, the sticker price of the Model S is misleading, since ownership costs are expected to be significantly lower than a conventional vehicle. Lower ownership costs put the sedan’s real price at around $35,000.
The Model S is completely electric and has a range of up to 300 miles, making it a viable alternative to the gasoline-powered family car. The sedan will seat up to seven people comfortably and will emit nothing at all from the tailpipe.
It’s expected that driving the Model S will cost a little over 2 cents per mile, making it far more cost effective than even the most fuel-efficient gasoline engine. It will be possible to recharge the car at any conventional outlet.
The Model S will also qualify for numerous tax credits and incentives. In addition, owners will be eligible for free parking at many locations and will be able to use the commuter lanes in many cities. Maintenance on the vehicle is minimal, since there are fewer working parts than in a gasoline-powered engine.
For fans of exotic vehicles, the developments at Tesla are very exciting. Soon, it will be possible to commute in a car like the Model S and drive an exotic vehicle on the weekend. Exotic car rental makes it possible to drive your dream car without the hassle and expense of owning an exotic vehicle.
Owners of exotic cars complain of difficulty finding certified maintenance, expensive exotic car insurance, hard to find exotic car storage, and host of other hassles. For many, it’s simply more efficient to rent an exotic car or join an exotic car sharing club.
The Tesla Model S is expected to debut in 2011, and Tesla is currently taking reservations online.
Kate Miller-Wilson is a professional freelance writer living in the Twin Cities. Visit her website or email her for information about her freelance writing services.
Eric on June 25th 2009 in Exotic Car Rental











