(By Estera Popowska)
Tesla Motors has launched a new car Model S 70D Wednesday that will cost car lovers about $76,070. Reports say the American car company began taking orders on Wednesday for a new base version of its Model S electric sedan that is $5,000 more expensive than its predecessor, but offers better performance, longer range and more features, including all-wheel drive.
Sources say Tesla’s Model S 70D start to go to customers’ garages in late May. Reuters says the 70D is so named because it has a 70kWh battery pack and dual electric motors rated at a combined 514 horsepower. Driving range between charges is 240 miles. Reutes reported Tesla's chief executive, Elon Musk, said in an interview that the Model S 70D gets "a slight price increase, but it's a huge value increase.”
Tesla Motors, Inc. is an American company that designs, manufactures, and sells electric cars and electric vehicle power train components. Tesla Motors is a public company that trades on the NASDAQ stock exchange under the symbol TSLA . In the first quarter of 2013, Tesla reportedly posted profits for the first time in its history.
Sources say Tesla first gained widespread attention following their production of the Tesla Roadster, the first fully electric sports car.
Before Wednesdays launch of Model S 70D the U.S based car company's second vehicle was the Model S, a fully electric luxury sedan, and its next two vehicles are the Models X and 3.