In 2007, Tesla will offer the Tesla Roadster, a $100,000 electric car.
Despite that hefty price tag, Tesla Motors hopes the two-seater will have far more drawing power than previous EVs, including the General Motors EV1 reports thecarconnection.com.
The Roadster claims 0-60 mph times of just 4.0 seconds, a top speed of 150 mph and a range of at least 200 miles on the highway and 270 miles in stop-and-go urban driving. Using the U.S. government's calculations, the carbon fiber-bodied vehicle will get the "equivalent" of 130 miles per gallon.
"These vehicles won't compete on price," explains Elon Musk. The Roadster "will compete on performance" that matches that of many of the highest-powered gasoline-powered sports cars, adds Musk, one of the founders of the Internet's popular eBay auction site.