On Thursday Tesla Motors announced that it would build an electric sedan, the Model S, Southern California. The Model S has a base price of $49,900, after a federal tax credit of $7,500. According to CNN "... Tesla predicts it will manufacture 20,000 Model S vehicles a year. That would make it more of a mass-market vehicle than the Roadster; only 1,200 of which are produced yearly." The production line will not start until 2011 as Tesla struggles through the economic downturn but it's nice to know that the sedan is still in their plans.
