"Affordable financing for electric vehicles is incredibly important as it provides our customers the ability to combine their monthly payment with monthly operating costs and realize the economic benefits of an electric vehicle from day one," said
Availability of retail financing broadens the customer base for Model S. The actual rate, term and down payment requirements for any loan will be based on each customer's credit profile and financing is subject to approval. Model S customers who obtain retail financing may also qualify for state tax credits, rebates, sales tax exemptions, free parking, commuter-lane passes and other perks.
"We're proud to support the deployment of Model S as part of our efforts to accelerate a transition to a 'greener' economy via finance," said
Tesla recently announced its Get Amped Model S Tour, and during the next 45 days, Tesla will provide more than 5,000 test drives to Model S Reservation Holders and friends. The tour begins in
Tesla will be ramping up production throughout 2012 and plans to achieve its target of 5,000 cars by the end of 2012, scaling up to 20,000 cars in 2013. Tesla has already received more than 10,000 reservations worldwide for Model S. Tesla is taking reservations online and at Tesla retail stores around the world.
Model S is the world's first premium sedan built from the ground up as an electric vehicle, meticulously engineered to elevate the public's expectations of what a premium sedan can be. The five-door premium sedan competes with the top cars in its class in spaciousness, handling and style, yet produces zero emissions. Because there is no internal combustion engine or transmission tunnel, the interior of the car allows for additional cargo space in the front of the vehicle and one of the most spacious cabins in the industry. The battery's floor-mounted position gives Model S a low center of gravity and ideal weight distribution for exhilarating performance and superior handling.
Tesla's goal is to accelerate the world's transition to electric mobility.
Certain statements in this press release, including statements regarding the performance of Model S, the capabilities and characteristics of Model S, Model S test drives and Model S production plans in 2012 and 2013, are "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements are based on management's current expectations, and as a result of certain risks and uncertainties, actual results may differ materially from those projected. Various important factors could cause actual results to differ materially from those in the forward-looking statements, including the risks and uncertainties identified under the sections captioned "Risk Factors" and "MD&A" in Tesla's Form 10-Q filed on
Shanna HendriksTesla 650-681-5179 Gabe Boehmer Wells Fargo503-886-4186 Investor Relations Contact Jeff Evanson Tesla Motors612-968-7295
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