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Tesla Model S "Will Be Faster Than A Porsche 911"

Five years after debuting the original electric two-seat Roadster, Tesla shows customers its first all-new car: the $50,000, seven-passenger Model S.

Elon Musk, CEO of Tesla Motors, introduces customers to the Model S sedan at the company's Fremont factory.
Elon Musk, CEO of Tesla Motors, introduces customers to the Model S sedan at the company's Fremont factory.

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FREMONT, Calif.— Five years after shocking the automotive world by unveiling what was basically a battery-powered Lotus Elise, Elon Musk, CEO and founder of Tesla Motors, debuted his electric car company's first all-original car, the Model S, and announced that it "will build a high-performance version of the Model S that will go zero to 60 (mph) in 4.5 seconds. That's faster than a Porsche 911 Carrera."

Click to view the Tesla Model S image gallery.
Click to view the Tesla Model S image gallery.

The crowd, naturally, went wild. Hundreds of deposit-paying customers had already taken quick rides around the parking lot at speeds over 70 mph when Musk drove a red pre-production Tesla Model S "Beta" show car — albeit somewhat less quickly — up the ramp and onto a stage inside Tesla's U.S. factory (formerly known as NUMMI, the facility Tesla purchased from Toyota just last year and revamped for a fraction of what a new car factory normally costs to build). Production versions of the Model S will start rolling out of here in mid-2012.