Green Your Ride: Looks like a Ferrari — with Zero Emissions
Posted on July 6, 2010
Filed Under Electric Vehicles, Green Business, Green Your Ride, TECHNOLOGY |
By Brandon Rose
Tesla Motors Inc. designs, develops, manufactures and sells high-performance, fully electric vehicles and advanced electric vehicle power train components. In addition to designing and manufacturing zero emission vehicles, Tesla sells and services them through its own sales and service network. Tesla has delivered over 1,000 sporty-looking Tesla Roadsters to customers in 22 countries.
The California based company went public this week, selling over 13 million shares of common stock priced at $17 per share. This is the first U.S. auto company initial public offering in 54 years. The stock rose 40% on its IPO debut, leaving green investors very impressed (it peaked at $25).
Here’s what all the speculation is about. Tesla is already taking reservations for their mass-produced sleek, electric, model S sedan, which these investors believe will be a huge hit when it comes the market in 2012. The price is estimated to be around the $50,000 range (not including the $7,500 U.S. federal tax credit). The electric sedan has a 300 mile range with a 45 minute QuickCharge (you can charge from any outlet). It’s 2X as efficient as hybrids and will go from 0-60 mph in 5.6 seconds. The high performance sedan seats 7, making it a very desirable car for families. Pretty innovative, if you ask me.
Stay tuned for updates on the cutting-edge automaker Tesla.
For leasing information: Click Here
For more information on Green Investments: Investopedia
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