For those that don’t have any history on Tesla Motors, they are an electric car company that has pushed the envelop.  They have improved technology to the point that they have the largest distance an electric car can travel.  Estimated 225 miles on a single charge.  Some of you are saying, “that is not very far”, but it is quite a bit farther than previous modles made by other companies.  Tesla currently only has one model, the roadster

which is now at a hefty price tag of about $90,000.   Well, now that is about to change.  Tesla has purchased a facility and is going to launch a new line of cars for $30,000 less.  These new cars will be called “Model S” and they will come off the line for $60,000.    Along with this new plant in San Jose, Tesla has also picked the city to host its headquarters.  California offered incentives worth about $15 million and possibly more. That includes waiving rent for the first 10 years of the 40-year lease on the San Jose property and waiving state sales tax on $100 million worth of equipment.

The Model S, formely known as “Whitestar”, will be a 4-door, 5-passenger luxury sports sedan (we’ve heard some comparisons to the BMW 5), all electric like the Roadster. It should sell for about $60,000 and have a range of about 225 miles on a charge.

Tesla is taking a stand

Tesla is making a difference

L.J.