Government // Mobile & Wireless
04:17 PM

Tesla Motors Taking Orders For Roadster Sport

The company also plans to unveil a prototype of its long-awaited Model S four-door sedan on March 26.

Tesla Roadster Sport

Tesla Roadster Sport
(click for larger image)

Startup Tesla Motors, a maker of luxury electric cars, on Thursday announced that it has started taking orders for its Roadster Sport, which should be available this June.

The car, which is slightly faster than the standard model, is expected to reach a speed range of 0 to 60 mph in 3.7 seconds. Shaving off those tenths of a second comes at a price. The price of the Sport model, which the company plans to start delivering in late June, starts at $128,000.

Tesla chief executive Elon Musk said Tesla plans to unveil a prototype of its long-awaited Model S four-door sedan March 26 at the company's design studio at an invitation-only event. Production of the vehicle, which is expected to be relatively affordable in comparison to the Roadster, has been repeatedly delayed. It's now scheduled for production in 2011.

The company is hoping the speedster and a similarly powered sedan will offset a number of financial setbacks so Tesla can be profitable by midyear.

Musk said in the company's blog that Tesla completed in December a $40 million round of financing that was twice what it needed to reach profitability.

"Moving forward two months later, we remain on track with our cost reductions and production ramp, so it appears highly likely that Tesla will meet the goal promised to those investors of becoming profitable by midyear," Musk said.

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