Tesla Expecting $57,000 Model S To Be Very Profitable

Posted Jan 3, 2011

The Tesla Motors Inc (NASDAQ:TSLA) Model S car has been set with a $57,000 price tag. The small price tag is largely due to smaller Lithium ion batteries which is commonly used in laptops. The batteries are swappable as a single unit. These batteries are cheaper to use than the monolithic packs that is used in the Nissan Leaf and the Chevy Volt. [Engadget]