Tesla gets 500+ Model S bookings in first week

A week after unveiling the all electric Model S sedan, Tesla says that 520 customers have shelled out $5,000 each for reserving the car which is scheduled to be on roads in 2011.

The base price for the Model S, which will be available starting in 2010, is $57400, before a  federal tax credit of $7,500 in US, a bargain compared to the Roadster’s $105000 price tag. A limited edition of the Model S is also available for a $40,000 reservation fee.

The base Model S will do 0-60 mph in 5.6 seconds (compared to the Roadster’s 3.9 seconds) and has an electronically limited top speed of 130 mph. The car will be available with a variety of battery options with upto 300 miles per charge.

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