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Tesla: When Will The Model S Hit The Streets?

It seems a very good bet that if Tesla manages to deliver the Model S as promised in the price range promised, it will secure a very significant niche market. After all, no other auto manufacturer is even talking about a 300 mile range in a production model. The question is: will the company get the Model S, with its respective specs and price tag, out in 2012 as they have suggested?

You could, of course, pour hours of thought into this question.

However, here’s an interesting fact. Apparently, Tesla owner Elon Musk recently placed a $1 million bet with Pulitzer prize-winning auto journalist Dan Neil over the issue. reports the following details of the bet:

“The requirements for Musk to win are as follows:

1. Series production models of the Tesla Model S have to be delivered to paying customers before the end of 2012.

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.

4. Prices must remain at the levels Tesla and Musk announced: $57,400 for the version with 160 miles (257 km) of range, $67,400 for the 230-mile (370 km) version, and $77,400 for the 300-mile (482 km) version. All prices are before any federal or other incentives.

Whoever wins the bet, Medecins Sans Frontieres (Doctors Without Borders) will reap the benefits. Should it be Tesla, the company will have a major PR coup”.

Well at least investor’s know that Mr Musk is serious about his deadlines.

You can read the full article here.