Tesla Model S sedan to be named after its inventor
Tesla, Inc. (NASDAQ:TSLA) today named its first production model of its new Model S electric sedan after its founder and CEO, Elon Musk.
The sedan is expected to be unveiled at a New York Auto Show in September.
The car’s design is based on Tesla’s all-electric Model S SUV, which was unveiled in 2013 and was widely praised for its design and efficiency.
Musk’s first car was a sports utility vehicle (SUV), which was sold in the U.S. for less than $40,000 in 2009.
The carmaker has already produced the Model S for the U:US market, and the company has plans to roll out a sedan for international markets.
The new Model is also being designed to offer more than 100 kWh of battery storage, the highest capacity of any sedan ever produced.