29 Aug '11, 7pm

Tesla's Elon Musk bets $1 million (for charity) that electric Model S will be ready on time (later 2012)

Series production models of the Tesla Model S have to be delivered to paying customers before the end of 2012. (It was originally 2011, but Neil concedes that Tesla said it wouldn't make that date fairly early, and has since stuck to its 2012 date.) (2) The Model S has to have seven passenger seats, certified as such by the National Highway Traffic Safety Administration, and earn a 4- or 5-star safety rating from the NHTSA. (3) It has to have a battery pack that allows en-route swapping at a highway roadside station, similar to the Better Place battery swapping scheme. (4) Model S prices must remain at the levels Tesla and Musk announced: $57,400 for the version with 160 miles of range, $67,400 for the 230-mile version, and $77,400 (was $87,400, corrected) for the top-of-the-line 300-mile version (which will comprise the bulk of early production). All prices are before any...

Full article: http://www.treehugger.com/files/2011/08/tesla-elon-musk-b...

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