Tesla Motors Model S. Swanky ride. Expected to sell for $57,400. Includes 17-inch touchscreen and 3G connectivity (Pandora Radio and Google Maps!). A single charge powers this baby for 300 miles. Did you know that Tesla’s batteries are powered by THOUSANDS of laptop batteries?
On the other hand, Coda Automotive (formerly Miles Electric Vehicles) rolled out a new sedan at $45,000. The design is based on functionality, kinda Honda-inspired. The new sedan can go only 120 miles on a single charge- kinda beat but still better than gas.
I cannot wait to see what AMAZING stuff comes out of the $2 billion the Department of Energy has dedicated to battery development. Coda has already applied for a $38 million grant. If they get it, Coda will break ground on a new battery plant in Connecticut by 2011 — its first facility in the U.S.
Hurry up Tesla!
Even when a stock is at their worst, it is best to look at the leadership to provide guidance on a company’s future.
If I had listened, I would have been that much richer today…
