This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tesla: The Time Has Come

NEW YORK (TheStreet) -- We are now approximately 90 days or less away from the big launch of the Tesla (TSLA) Model S. This is no secret -- Tesla has said for a long time it expects to deliver its first Model S car by July, and everything seems to have progressed exactly on track.

It is easy to get lost in the weeds in terms of the importance of the Tesla Model S being delivered to customers. There is a very important big-picture view of how the world will view not only Tesla, but also the entire electric car market as a whole, once the Model S gets into the hands of consumers.

The first car was the 1886 Mercedes-Benz, but it wasn't really until 1908 when the Ford Model T hit the road that the automobile market began to scale. That's the analogy you want to consider now with the importance of the Tesla Model S, in the arena of electric cars.

Unlike the Ford Model T, the Tesla Model S is a high-end car, starting at $57,400 before tax adjustments. It will hit the U.S. roads over 18 months after the Nissan LEAF, which cost just under $35,000 and has already sold in considerable quantities (over 10,000).

Follow TheStreet on Twitter and become a fan on Facebook.

So the Tesla Model S is neither the first comfortable electric car, nor the cheapest. So what's the point?

Model S Overview

The Tesla Model S will give you significantly more range than a Nissan LEAF or any other practical all-electric car to date. The Nissan is EPA-certified at 73 miles on average. Tesla claims 160 miles for the base version of the Model S. Let's see what the EPA certifies, no later than July this year. My hunch is that the EPA-certified number will be less than 160 miles, but that's just my hunch.

Tesla will also sell you an alleged 230-mile and a 300-mile version of the Model S. Each step up is $10,000 more. Of course, there are also all sorts of other options that will cost extra, including a more powerful motor, sunroof, etc. On the Tesla Web site, I was able to configure a model with seemingly every single option for $108,400, before tax adjustments.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs