At the SpaceX Rocket Factory in Los Angeles today, Tesla will show off a prototype of its Model S.
The all-electric luxury sedan – comparable to a BMW 3-series or a Mercedes C-class – will cost half the price of Tesla’s sporty Roadster, at around $50,000 (after a federal tax credit) when it goes on sale in 2 years; allowing time for more rigorous testing before it actually hits the road.
The San Mateo, Calif.-company still awaits to receive a $350 million loan from the Department of Energy to build its factory in San Jose to produce Model S cars.
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