In spite of the fact that the first examples of the Model S won't roll off the company's production line in California before late 2011, Tesla Motors has received 711 orders for its all-electric sports sedan in the two weeks that followed the unveiling of the car. The estimated base price of the Model S is $49,900 after a US federal tax credit of $7,500, with customers required to pay a $2,000 refundable deposit. There's also a Signature Edition that will be produced in 2,000 units which requires a hefty $40,000 reserve fee which is also refundable. 
The Model S that can accommodate up to seven passengers -five adults and two children at the rear cargo area- features an electric drivetrain launching the sports sedan from zero to 60mph (96km/h) in 5.6 seconds and on to a an electronically limited top speed of 120 mph (209 km/h).The sports sedan come with three available battery pack choices that offer a range of 160, 230, or 300 miles (257, 370 or 482 kilometers) per charge. The lithium-ion batteries can be recharged from any 120V, 208V or 240V outlet or quick-charged from an external direct current supply in 45 minutes.
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