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Tesla Model S Priced at Below $50,000

We all know that the Tesla Roadster is the sort of electric car that we’d love to drive.

Owning a Tesla is a separate matter. While the performance numbers are incredible, the two-seater design makes it impractical for many beyond just being a toy. The sticker price of $109,000 also puts it out of reach for nearly all of the car buying public.

What we need is an electric car that will serve the needs of the everyman. Enter the Tesla Model S: it’s a four door sedan that’s powered from your wall socket. While definitely won’t be getting 0-60 times of under 4 seconds with the Model S, pricing is something that’s within reach for a greater part of the populace.

Tesla Motors just revealed in its newsletter that the Model S will have an anticipated base price of $57,400. The price will effectively become $49,900 after a federal tax credit of $7,500.

The company also explains that because of relatively inexpensive maintenance and refueling, the lifetime ownership cost will be closer to cars with far lower sticker prices.

Tesla will unveil its Model S prototype sedan March 26 at the Tesla design studio inside the SpaceX rocket factory, in Hawthorne, California. The company believes that the Model S will likely be the world's first mass-produced, highway-capable EV when it rolls off the assembly line in late 2011.

Stay tuned for the full showing and gallery this Thursday.