The car of the future needs to be both high-performance and hip to appeal to enthusiasts, and that’s where electric vehicle maker Tesla Motors Inc. (NASDAQ:TSLA) comes in.
The company’s Roadster model will accelerate from 0 to 60 mph in under 4 seconds with little more than a high-pitch hum. The two-seat Roadster will soon be joined by the highly anticipated Model S sedan and its Model X SUV. Already, the company has seen big-time sales interest in each, with buyers already plunking down up to $5,000 just to reserve the Model S, and $4,000 to have first dibs on the Model X.
Tesla’s tentacles are growing too, as other automakers want to tap its expertise to develop new electric models. German luxury auto maker Daimler (PINK:DDAIF) has a deal with Tesla to produce an electric Mercedes-Benz that uses the Tesla power train. Toyota also has a deal with Tesla to develop an electric version of the Japanese automaker’s RAV4 model.