The $60,000 Luxury EV

Tesla says it will build a $60,000 five-passenger luxury sedan with a lithium-ion battery pack capable of delivering 240 miles per charge

The Tesla Brand of luxury electric vehicles is certainly capturing a lot of the limelight as the era of the EV dawns. The company has announced a state-of-the-art US$250 million assembly facility in the heart of Silicon Valley Silicon Valley . The facility will build a new US$60,000 five-passenger luxury sedan with exceptional performance and a lithium-ion battery pack capable of delivering 240 miles per charge. The first sedans are likely to roll off the assembly line in late 2010.

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