Investors Betting on the Tesla Model S and Toyota Electric RAV4 Deal
Tesla Motors is a darling of electric car makers despite not having a lot to sell right now.
The company is investing all of its resources into the fastest possible production of the pending Model S sedan. The Model S is targeting a mid-2012 release and the company is working hard to stay on schedule.
Tesla’s current offering is the popular and zippy Roadster. It is so zippy in fact, that two of them participated in the “Race of Champions” where they were driven by professional race car drivers. The all-electric car can accelerate from 0 to 60 mph in 3.7 seconds. It is driven by twin electric motors generating 288bhp.
While the Tesla Roadster is a luxury sports car retailing at well over $100K, the Model S will be much more accessible to the general public at $57,000 and will be eligible for a federal tax rebate of $7,500 because it is an all-electric vehicle.
Like the Roadster the Model S will be powered by lithium-ion batteries. Unlike the two-seater Roadster, the Model S will seat 7. The design achieves the additional seats by facing two of them backwards in the cargo area of the vehicle.
Tesla’s stock has been attracting a lot of attention having risen from a low of $14.98 this year to close at $31.49 on Friday, December 3rd. One deal that has helped the stock has been an agreement with Toyota to produce electric drivetranes for Toyota’s planned electric RAV4.
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