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Cost of S

I love the look of the new S model but the only way it will be in my garage is if the price is not to high.I am well aware that this is a new industry and that development cost are high but to get people into them on a mass market scale they need to be affordable at the moment they arn`t.

Tesla Type S is supposed to be luxury-class sedan, IE. BMW M6 Coupe. That costs around $100k and people do buy it, so I don't see any reason why Type S wouldn't sell. According to specs Type S has even better performance than BMW M6 Coupe (not higher top speed though). Type S is not supposed to compete with Leaf and Volt, but surpass them by great margin.

The next model will then be the affordable one.

From what I've been reading the Type S would be around $50K-$60K, which I wouldn't consider being outside the mass market price range.

And ... you could always mover to Oklahoma, which is offering a tax credit for 50% of the purchase price of any EV!! :)

Zed-one
I did the calculation for the amount of energy or gas I use over a 10 year period and the expected repairs for a normal car and the Model S.
For me, it turns out, when all is said and done, that the Model S costs the same as a base Toyota Corolla

The gas and oil make the Corolla actually go over the price of the Tesla Model S slightly

And as an added bonus, I don't have to sit in line for a Motor Vehicle inspections, worry about some check engine sensor failure, or worry about crap happening to the engine- the Tesla's have a very simple drive train compared to a normal car (handful of moving parts verses 600 and some in a normal car).

For that price, you are getting leather, remote control locks, power windows, a nifty 17 inch screen and really cool door handles verses a base Corolla. For me that's one heck of a deal- I expect to pay around (63 K base price minus 7.5 K fed credit and 4 K state credit = 51.5 K), heck for 63 K I would still buy it.

Quoted from Tesla's Model S page, under the reserve pop up: Starting at $49,000 including $7,000 federal tax credit. So that isn't really out of a lot of people's price range. The roadster was the expensive one, the model S, for the luxury of it, is actually a bargain when compared properly to it's correct class, and as Timo pointed out, it's class is far from the leaf or volt.

Exactly, it's one good deal, I'm actually considering reserving another one- compared to a Lincoln towncar or Cadillac, or some other luxury sedan, the upfront costs about the same when you factor in all the tax credits for the Tesla and on top of that you have the gas savings!
The volt looks like a modified malibu and the leaf looks like a prius clone to me. And the fact that some chevy dealerships were charging up to 20 K over MSRP is shooting GM in the foot.
61 K for a modified Malibu (still uses gas and still has all the problems of gasoline engines) or 49 K for a Tesla- The Tesla is a much better deal. Plus Tesla knows has a proven track record when it comes to electric cars, GM does not

I estimated my total price of my Tesla Model S is going to run around 63 K based on comparable luxury sedans (upgraded battery, premium color, premium leather, floor mats, taxes, title, etc, etc) prior to rebates with all the options I want, who knows it could be lower, which would make me even happier.

If they can keep the price down to say around £30,000 then with its great looks this car will out sell some very big names.Did I mention I live in the UK?

If only there was some way to subsidize the cost of a Type S sedan to make it affordable. If you took 1,000,000,000,000 and used it strictly to reduce the cost of the Type S instead of on something like, oh I don't know - the Iraq war for instance, how many at what price?

Seems to me you could take $40,000 off the price of 25,000,000 Teslas. How much less oil would we use with 25,000,000 people driving that many Teslas? How much less energy?

If Tesla was cranking out 25,000,000 sedans, couldn't they do it for a bit less money?

Even 40,000 off of 250,000 Teslas is a good start. Might even be good for the economy and environment.

-Mark

Dan;
All in, including maintenance and not counting perks like free parking in many places, leasing and running a Model S works out to about the same net as for a $35,000 ICE, apparently. In Europe, many jurisdictions waive VAT and other taxes and charges; that can be serious money, cutting the net cost by 2/3 or so compared to an ICE. Many places here and over there offer free parking anywhere, even in commercial lots. There are lots of variables!

Mark;
You're talking about the next model, a family car half the price of the 'S'. But probably not till '16. But see my calculations above; you really have to consider total expense, not just sticker price.

Zed-One;
My guesstimate is that before VAT, the 'S' will be about £37K. Figure in all the perks (no congestion fees, free parking, etc.) on top of the gas savings (probably about 20p/mi.) and you might find it's a bargoon!

Personally, I would be happy to pay only $50K for a Model S, however as I read the poop it's $100K with a $50K tax credit. I am not in a tax bracket that can afford it. $50K out of pocket OK by me though. The car MUST have a 275 mile range with AC working on a full charge. That gets me to Richmond, Fredericksburg and perhaps DC and home again w/o a recharge. DC is iffy if there is a hangup on I95 in either direction.

Valentine39;
I have a Tesla Roadster. The beauty of sitting in a traffic jam is that you use NO energy while you are waiting - actually your expected range goes up if you are crawling along in a traffic jam!

To all;
Did the latest newsletter actually try to slip by that the Model S is going to be delayed another 6 months later than we expected? (mid 2012 instead of late 2011 to early 2012). I hope not, as I have a reservation in.

Valentine39

I don't know where you "read the poop", but the Tesla website (click on the "reserve" button) lists it as starting at $49,000 Canadian. That is $46,613.70 USD at todays rate. The posted range is 480km per charge, which is 298.25 miles. Sounds to me like your needs are met and you need to get your deposit in!

RichardL

Stuck in traffic DOES use some energy to run the display, AC, radio and whatever other peripherals you are running - but the drain for these things (except the AC) is relatively minor.

I had the pleasure of a Roadster test drive and I can't wait to get my Model S (I'd get the Roadster but it's too low to the ground for my husband to get in and out of, and the price is out of my budget)

I don't know where some of you people get your information. The car is NOT 100k with a 50k tax credit. Where the heck did you get that information???

It says it on Tesla's website: The caris about 56k, but after a 7k tax credit the lower range battery model is 49k (there is a 5k downpayment that goes towards the price of the car).

RichardL

Can you buy me a Model S? It is clear you have some dough, so if you want to pass some my way, I will be a joyful recipient =) I have a civic hybrid and get about 51mpg, but it is nowhere near the ∞ mpg

From everything I've read, it seems the car will be around 60K, plus you should see some kickback via rebates.

Here is a article on this: http://toyotatesla.com/FullPageArticle/16.html

Is that true? "Oklahoma, which is offering a tax credit for 50% of the purchase"

If that's the case I would fly out to Oklahoma for two months and rent a place for the address just for the credit of 50% off the purchase!

I think you have to be a resident and file your annual tax return to qualify.

Is it 50% credit of purchase price or 50% credit of the sales tax on the vehicle? I highly doubt that the Govt would be up for just giving you ~$25,000.

Qazi;
50% of purchase price, applied against your annual income tax bill.
http://www.afdc.energy.gov/afdc/laws/law/OK/5950

"For tax years beginning before January 1, 2015, a one-time income tax credit is available for 50% of the incremental cost of purchasing a new original equipment manufacturer AFV or converting a vehicle to operate on an alternative fuel.
...
For vehicles propelled by electricity only, the credit is based on the full purchase price of the vehicle."

And for the Roadster Sport, that would amount to about ~$65,000, not just $25,000.

So you are saying that if you buy a Roadster Sport there and then sell it later to someone else you basically win the purchase price of Type S?

This makes me wanting to move there, take a loan and buy Roadster Sport. :-P

Well, you'd need to file your year's income tax return there to get the money back! But yeah, it looks like you could do that. I'm sure lots of people are contemplating little schemes like you are! ;)

I assume OK knows people will try to game the system, but it is clearly competing for people, business, and investment. So the long term payoff is more than just cutting local tailpipe emissions.

And (not implying anything) your STATE tax liability needs to be VERY high in order to take advantage of this credit. And I don't really know anything about OK taxes ( including whether they have an AMT that negates the benefit ), and I am NOT a CPA, but with their 5.5% tax rate you'd have to earn at LEAST $65k/0.055 = $1.2M. That $1.2M less other deductions would get you to a Oklahoma taxable income level to take full advantage of the $65k. But :-) you could spread that credit against income over three years. (Tax form here: http://www.tax.ok.gov/it2009/567-B-09.pdf)

So it's not feasible for me but that's still awesome! Sad we don't have a deal like that here in California the supposedly green state! $7.5k credit only, VERY LAME! Ahh, I guess it's better then not!

California also has a $5,000 rebate program, not income or tax dependent, but depending of funding availability. See here: http://energycenter.org/index.php/incentive-programs/clean-vehicle-rebat...

Here in State of Washington EVs are exempt from sales tax, so at $57,500 list price you would save $5700 compare to a gasoline car. Include the $7500 tax rebate and the Model S will cost comparable to a $45,000 ICE car, that's out the door.
That price beats all the Luxury cars in its class that I was looking to buy, BMW 500 series, Mercedes E series or Audi A series,(it even beats Chevy Volt)
And the price was only a small factor in reserving my model S.
Not haveing to go to a Gas Station, EVER, Priceless.

At least you lot south of the boarder GET a rebate, those of us north of it eat the whole cost :P

come 2012, or 2013, I'm STILL getting a Model S. It's an AWESOME ride.

What Province are you in Vawlkus?

Ontario (I think it's a Provincial program, not Federal)just started a new rebate program...both the Roadster & the S car qualify for an after tax rebate of $8,500...not much, but it's a start.


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