Tesla's Electric Sedan Less Than $50K After Rebate

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This week, Tesla unveils it's Model S series. The fully electric sedan is expected to sell for less than $50,000 — after the buyer factors in a $7,500 federal tax credit. The sleek Tesla Roadster was unveiled in 2006 with a price tag of more than $100,000, putting the eco-friendly car out of reach for most car buyers.

STEVE INSKEEP, Host:

And if you've been in the market for an electric car you might have had you eye on the Tesla Roadster, a sleek, fully electric sports car unveiled in 2006 with a price tag, of more than $100,000, which put the eco-friendly car out of reach for most car buyers. Today's last word in business, though, is, plug in bargain. Tesla has unveiled a new version of the car, its Model S Series. Still a fully electric sedan, but now you can factor in a $7500 federal tax credit and get the car for a mere $50,000. So maybe your portfolio is worth half as much, but you can get the car for half as much as well. That's the business news on MORNING EDITION from NPR News.

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