AutoCar-Live

Tesla says that 520 S Model all electric sedans have been reserved by customers in first week since it was announced. Each customer must pay a $5,000 reservation fee, which is refundable if they choose not to buy the car. The base price for the Model S, which will be available starting in 2010, is $49,900 after a federal tax credit of $7,500. A limited editon of the Model S is available for a $40,000 reservation fee.

http://www.techcrunch.com/2009/04/01/520-tesla-s-sedans-reserved-in-one-week-company-gets-26-million-in-fees/