Tesla’s Model S, an electric sport sedan, claims unmatched range of 160 to 300 miles, depending on the battery. Fabrizio Costantini for The New York Times
Tesla’s Ambitions Fueled by Customer Down Payments -- New York Times
After reading about Tesla Motors’ new electric sedan three years ago, Rob Stelling drove 100 miles to the carmaker’s showroom in Menlo Park, Calif., and put down $40,000 in cash to make an early reservation for the Model S.
“It took them 20 minutes to count it,” said Mr. Stelling, a clinical laboratory scientist from St. Helena, Calif., who expects the car to be delivered this summer. “Tesla’s the only company that makes a premium, no-compromise electric car.”
Customers like Mr. Stelling have become an important source of cash for Tesla, which collected $61 million of down payments in 2011, up from $5 million in 2010
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My Comment: Down payments are always good in my book.
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