PALO ALTO, CA -- (Marketwire) -- 08/15/12 --
Tesla Motors (NASDAQ: TSLA) today announced pricing for
Model S in Canada. Canadian customers can choose from one of
three battery pack sizes, with the base 40 kWh battery pack
Model S starting at $64,500 Canadian dollars (CAD) before
provincial tax rebates, as may be available. Model S with the
60 kWh battery pack and 85 kWh battery pack will start at
$75,200 and $85,900 CAD respectively.
"Pricing in foreign markets can be very complex, so we
have taken a very straightforward, transparent approach to
pricing Model S," said George Blankenship, vice
president worldwide sales and ownership experience.
"Canadian base prices start with U.S. pricing, plus 6.1
percent for import duties and an additional 1.5 to 2 percent,
depending upon the model, for incremental transportation
costs and country specific business expenses. The total is
then adjusted using the current mid-term currency exchange
Option pricing has also been kept very straightforward. In
Canada, all models will include heated seats and choice of
décor as standard equipment. Model S in Canada will also
include the game-changing 17" touchscreen, 19"
wheels and a Mobile Connector with three adapters as standard
equipment. Tesla's Canadian pricing configurator, showing
all pricing and options, will be available on its website in
the near future.
With the most energy-dense battery pack in the industry and
best-in-class aerodynamics, Model S has the longest range of
any production electric car in the world. Model S comes with
three battery pack options to fit the unique needs of
different drivers. The 85 kWh Model S has received a U.S.
fuel economy rating of 89MPGe and a range of 265 miles from
the U.S. EPA. Fuel economy ratings from Environment Canada
are still pending.
Model S is the first premium sedan designed from the
ground up to take full advantage of electric vehicle
architecture. A revolutionary powertrain sits under the
floorboard of Model S, creating an ultra-low center of
gravity. Paired with an aluminum body engineered for superior
handling, Tesla has created a vehicle that will raise the bar
for vehicle handling and efficiency while meeting the highest
standards for safety.
Without an internal combustion engine or transmission tunnel,
the interior of Model S has more cargo space than any other
sedan in its class and includes a second trunk under the
hood. Model S seats five adults and two children in optional
rear-facing child seats. The Performance Model S accelerates
from 0 to 60 mph in as little as 4.4 seconds. The interior
features a 17" in-dash touchscreen with internet
capabilities, allowing for streaming radio, web browsing and
More than 12,200 reservations have been made worldwide for
Model S. Deliveries to Canadian customers will begin later
this year. Meanwhile, Tesla will be opening its first
new-design Canadian store in Toronto this November. Customers
can reserve a Model S at one of Tesla's retail stores or
Tesla's goal is to accelerate the world's
transition to electric mobility. Palo Alto, California-based
Tesla designs and manufactures EVs and EV power train
components for partners such as Toyota and Daimler. Tesla has
delivered more than 2,350 Roadsters to customers worldwide.
Model S, the first premium sedan to be built from the ground
up as an electric vehicle, began deliveries in June 2012.
Certain statements in this press release, including
statements regarding the characteristics and performance of
Model S, future store openings in Canada and information
regarding Model S handling, efficiency and safety, are
"forward-looking statements" that are subject to
risks and uncertainties. These forward-looking statements are
based on management's current expectations. Various
important factors could cause actual results to differ
materially, including the risks identified in our SEC
filings. Tesla disclaims any obligation to update this
Source: Tesla Motors, Inc.