Tesla Motors has sold out of the top-of-the-line version of its Model S battery-electric luxury sedan and is taking deposits on its Model X crossover vehicle, Edmunds.com's Inside Line reports.

The Model S Signature version, which starts at $92,400 and tops out at $105,400, is no longer available for pre-order on Tesla's website, Inside Line says. The company continues to take deposits on the base Model S – starting price is $57,400 – and has started taking orders for the Model X, which is set to arrive by the end of next year.

Tesla said last month that one of its Model S testers beat the company's goal of a 300-mile single-charge drive under a combination of city and highway driving. If you want to go that far, you should look into the longest-range Model S, which will sell for a minimum of $77,000. Tesla says it expects Model S sales to reach about 5,000 units this year.

Late last month, Tesla put out a video from its factory showing off its Model S stamping machine and is counting down to the first delivery, which is scheduled for 15 days from now.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 48 Comments
      Rotation
      • 2 Years Ago
      It's not sold out. A friend of mine was offered an opportunity to buy one today by Tesla. He received this call after this article was published.
      goodoldgorr
      • 2 Years Ago
      The price is way more then the leaf that is now selling few.
        Ele Truk
        • 2 Years Ago
        @goodoldgorr
        And the car is way more than the Leaf, so yeah.
      Mladen Kalinic
      • 2 Years Ago
      Would love to see the faces of nay-sayers when they read this. Same as with everything before, if it's done the right way, it will work.
        methos1999
        • 2 Years Ago
        @Mladen Kalinic
        I'd love to see the people complaining about how this is just another car for the wealthy... may be true, but still good news as this helps ensure the next car (smaller, more affordable), will make it to see production!
        Grendal
        • 2 Years Ago
        @Mladen Kalinic
        @theflew There were 1000 Signatures for the US and those have sold out. 5000 cars are expected to be produced in 2012. All of those are sold. They have 7000 more pre-sold for 2013. They have a production capacity of 20,000 in 2013. So that leaves 13,000 Model S's still available for sale next year. That's approximately $960 million in pre-sold revenue for their first year production. Not bad, but as you pointed out there is no guarantees. Musk has said that he guarantees they will pay back the Federal loan even if it comes out of his own pocket. It doesn't look like that will be necessary since they appear to be selling more than they can make.
          PR
          • 2 Years Ago
          @Grendal
          flew -- Yes, BMW and the other luxury car makers are. For comparison, BMW sells about 10,000 to 12,000 7-Series cars each year in the US, and 40-50,000 5-Series cars. Mercedes sells about 11-13K of their S-class, and 40-60K E-class cars. 15k-20K units of a single model, with way fewer variants than BMW and Mercedes, would be an extremely strong market presence in this market sector. Actually, for such a young company with such a non-conventional drivetrain, this is an incredibly strong market presence. Anyone who isn't completely blown away by these numbers really doesn't have a solid grasp of the market sector that the Model S is competing in.
          Grendal
          • 2 Years Ago
          @Grendal
          And the fact that they've pre-sold 12K without a actual production model on the road is truly remarkable. It will be intersting to see how many they sell now that there are actual cars on the road. They look really good and they get the mileage people have been waiting for from an EV. The other important fact is that this car will be sold worldwide so the numbers that PR quoted were from US sales (I think). Also it's been said by Tesla employees that the profit percentage on the basic Model S is 25%. That makes an even larger percentage for the pricier versions. That would be $250 million profit on just the pre-sold cars. That's pretty good for a starting company.
          theflew
          • 2 Years Ago
          @Grendal
          Thanks for explain the Signature numbers. But as I said before - I like Tesla, I just don't necessarily see the number of sales as high. Also, the $57k Model S probably as little profit in it, which explain why they would make the high mileage version first. If they sell 20k vehicles Audi, BMW, Lexus, Mercedes and Cadillac are going to have a lot of egg on their face since 20k of a $57k+ car is a good chunk of sales. It would be interesting if Audi would rethink their decisions on EV's if Tesla is successful with those types of sales.
          PR
          • 2 Years Ago
          @Grendal
          Grendel -- yea, I threw in the 15-20,000 unit qualifier because we don't know yet what the breakdown of sales will be between the US and the rest of the world. But with US deposits for 2013 already having a huge headstart over non-US sales that don't even start for 6 more months, I figured the fuzzy range of 15 to 20K units for US sales was appropriately vague to be accurate enough for my means. I'm fairly confident that 2013 US sales of the Model S will fall somewhere in that range between 15K to 20K, considering that 7K have already been pre-sold, and US pre-sales being open for 6 more months before other markets get a chance to start making reservations.
          Letstakeawalk
          • 2 Years Ago
          @Grendal
          "I threw in the 15-20,000 unit qualifier because we don't know yet what the breakdown of sales will be between the US and the rest of the world" Tesla hasn't broken down sales by market. It should be assumed that when they talk of making and selling 5K cars in the first year, and 20K in the next - that they mean in a *global* market.
        brotherkenny4
        • 2 Years Ago
        @Mladen Kalinic
        The real victory comes when Tesla turns a profit. That is the true point when things will have changed. I like the cars, and appreciate their effort. However, I can't afford one. The next victory will come when total cost of ownership beats a typical low cost ICE driven car. Small victories are nice but the larger goals should be the real standards by which success is measured. Although, it does appear like the momentum is building, finally.
          Spec
          • 2 Years Ago
          @brotherkenny4
          Yep, they need to turn a profit eventually. But there is nothing wrong with losing money while building up the company to scale as long as they remain on a path to ultimate profitability. By consistently aiming at the high-end market, they made a wise decision. I think they'll remain only in that segment for longer than many people would hope. I don't think battery prices have come down as many people hoped/predicted they would. I think we need more higher-priced EVs before we really hit the mass market cost-savings scale.
          Ele Truk
          • 2 Years Ago
          @brotherkenny4
          And Elon Musk said they should be profitable next year. Of course that doesn't really mean they are turning a profit, only that their income exceeds their expenses. If you take into account the hundreds of millions invested to get to that point, then they won't be profitable for many years.
        theflew
        • 2 Years Ago
        @Mladen Kalinic
        I'm not a nay-sayer, but I also see this in prospective. We're taking selling out of a $92K+ car. I'm not even sure how many Signature Series they planned on building was it 10, 100, 1000, etc... So selling out doesn't mean a lot. If they do sell 5000 Model S this year that would be one hell of a start. But as Nissan has shown it's more than just the initial demand. Can you sustain sales and growth over time. That will definitely be true with Tesla since it cost more.
          theflew
          • 2 Years Ago
          @theflew
          @407142916 - I'm not complaining about the cost of the car. I'm just saying at that price point you're going to limit your buyers - simple fact. @Anne - I hope all 11k reservations buy, but we don't know which model they plan on buying. The $57k model isn't going on sale until next year sometime. Nissan had 20k+ deposits which haven't materialized into sales. At least Tesla's deposit should cause only more serious buyers to apply. As I said I'm not a nay-sayer and understand this is an important step in the right direction. I'm just not willing to hand them the 1st place trophy yet based on a $92K+ car.
          Anne
          • 2 Years Ago
          @theflew
          "If they do sell 5000 Model S this year that would be one hell of a start." Well, they got more than 11,000 reservations already, so that should be too hard.
          Ele Truk
          • 2 Years Ago
          @theflew
          Those reservations require plunking down $5000, so they are pretty serious buyers. Unlike the Leaf reservation which was only $100.
          • 2 Years Ago
          @theflew
          If you couldn't afford a $30k car would you still complain? The point is, even if YOU can't afford a $100K EV, those that do buy one aren't buying a fossil fueled car. One less polluter on the road.
      • 2 Years Ago
      Delivery of the first Tesla Model S Sedan http://youtu.be/SH1LPS4iKzU
      CR7
      • 2 Years Ago
      The information in this article is wrong, according to Aaron Robinson of Car And Driver Magazine. According to Robinson (of Car and Driver), "... you'll need to spend $120,000 to $130,000 to get a Tesla with a 300-mile range." Robinson did a lengthy interview on the CarCast podcast; in which he did his best to belittle every aspect of alternative energy vehicles. http://www.adamcarolla.com/CarCastBlog/2012/06/02/aaron-robinson-of-car-and-driver-magazine/ Check it out to see who the enemy really is.
        Spec
        • 2 Years Ago
        @CR7
        I listened . . . yeah, they are a bit clueless for people who's job it is to talk about cars but it wasn't so bad. He was saying $120K but emphasized that was just for the 'signature' model. The signature tops out at $105K. It was annoying that they kept harping on the worst part of every model. They harped on the Karma for all its known engineering issues but admitted it looked great. They harped on the Volt for its styling but admitted it was a decent car. Well . . . all we need is car with the styling of the Karma and engineering of the Volt.
        Ford Future
        • 2 Years Ago
        @CR7
        Petroleum Journalism, Cha-Ching!
      marcopolo
      • 2 Years Ago
      The model 'S' has been a long time coming, and should be fully 'sorted' by now. The production of the Tesla 'S' is an astonishing achievement by a self taught industrialist. This innovative new Automaker, is America at it very best ! The fact that the vehicle has sold out it's initial production run is testimony to the determination and public relations skills of Elon Musk. All new technology, starts with expensive models for the affluent with high disposable income. The success of the Tesla 'S" will encourage and consolidate EV acceptance in the public awareness. Tesla will help the entire industry at a time when support for EV technology is declining. Well done Tesla !
      Spec
      • 2 Years Ago
      "Sold Out"? Did they run out of metal? Nice hype creation . . . but really now, you don't 'sell out' of something when you have a factory. You can sell out your production capacity for a certain time period but you can't really 'sell out' unless there is some component that is no longer available. And if that were true, that would actually be really bad news for Tesla.
        Dave
        • 2 Years Ago
        @Spec
        Apparently, the first 1,000 Model S's are "signature" models. And Tesla requires a $40,000 deposit to reserve one of these 1,000 cars. So, the actual news is that Tesla has taken deposits for their first 1,000 Model S's. This is good news for Tesla, no doubt. But ABG's headline certainly requires more clarification than the article supplies.
          Spec
          • 2 Years Ago
          @Dave
          @Anne "Tesla really is good at the hyping." is a complement.
          Grendal
          • 2 Years Ago
          @Dave
          Lots more clarification. There is also the founders series of Signatures like Jurevtson and Musk received. I don't know if they're included in the 1000 or not. The article also get the "Tesla says it expects Model S sales to reach about 5,000 units this year" wrong. That should read "Tesla says it expects Model S PRODUCTION to reach about 5,000 units this year." Tesla expects to sell 15K to 20K cars this year because that's how many they can make in 2013.
          Timo
          • 2 Years Ago
          @Dave
          It's equal to 1000 because that is the number of signature versions. If there are any cancellations there are people in production model waiting list that can get their model upgraded to signature. Reservations are currently way over 10k so for every canceled signature there is a person that upgrades (until all 1000 has been actually delivered).
          Spec
          • 2 Years Ago
          @Dave
          So they 'sold out' of numbers less or equal to 1000. That makes more sense. Well, sorta. Tesla really is good at the hyping.
          Grendal
          • 2 Years Ago
          @Dave
          It's a limited edition. Limited to 1000 cars. Now that edition is sold out.
          Spec
          • 2 Years Ago
          @Dave
          It was a bit of a back-handed complement. It is something that I personally don't appreciate and see-through but I realize that it is a very VERY important thing. I feel the same way about Apple . . . you can't help but admire their market success and much of that is the marketing aspect. But it is not something that I care for . . . I'm not about image or trends. I just like good engineered products. I don't care who makes them or how hip they are.
          Anne
          • 2 Years Ago
          @Dave
          "Tesla really is good at the hyping." For any other company you'd probably call that 'marketing'. What's wrong with that? And I call it 'clever marketing'. It's a hard world, and I think they've succeeded in generating a lot of publicity on a shoestring budget. They could could also throw another $10,000 on the price to pay for a Super Bowl ad. Would you prefer that? Another detail is that the 'sold out' might refer to reservations that were followed up by real sales. People had the right to cancel a reservation, so you can not say you've sold out it all you have is fully refundable reservations. In the past weeks they have contacted these reservation holders to configure their cars and sign the papers.. Now, apparently they reached a thousand *real sales*.
          Anne
          • 2 Years Ago
          @Dave
          @Spec, "Tesla really is good at the hyping. is a complement." Ah, got it. In my ears it sounds negative. http://www.thefreedictionary.com/hype says: 1. Excessive publicity and the ensuing commotion 2. Exaggerated or extravagant claims made especially in advertising or promotional material 3. An advertising or promotional ploy 4. Something deliberately misleading; a deception I thought more of meanings 2 and 4, you had meaning 3 in mind.
          Ford Future
          • 2 Years Ago
          @Dave
          Spec, you do know that there are car buyers that "collect" cars. Correct? And that these "Signature" series are the "most collectible"? To add value, for the "collector" and company, they "limit" sales.
      the_dogfather
      • 2 Years Ago
      Well, the 'vaporware' is selling out. Awesome news! Only ownership would me happier.
        Dave D
        • 2 Years Ago
        @the_dogfather
        Ahhhh, thanks for the reference PR...I should have picked up on the "" and realized he was being sarcastic!
        Dave D
        • 2 Years Ago
        @the_dogfather
        Considering they ship this month...I'm not sure why you're calling this vaporware?
          • 2 Years Ago
          @Dave D
          PR is right. There were an awful lot of naysayers a couple of years ago. Mostly ignorant people with a need to be heard.
          PR
          • 2 Years Ago
          @Dave D
          Dave D -- If you go back a couple of years in the ABG archives and read stories about Tesla, you will run into whole lot of nay-sayers throwing around the word "vaporware". I think dogfather is taking the opportunity to poke a stick in the eye of all those folks who have now been proven wrong.
      Nick
      • 2 Years Ago
      Congrats to Tesla and fingers crossed for a smooth start !
      • 2 Years Ago
      Why is this news worthy. This was reported months ago.
        AnOutsider
        • 2 Years Ago
        I'm wondering the same. The important news is the fact that they already delivered at least 2 vehicles
        Anne
        • 2 Years Ago
        As I replied below to spec, all they had was 'reservations' that were fully refundable. They have contacted the reservation holders in the past weeks to configure their car and convert their reservation into a real sale. They have reached a 1000 real sales apparently. So it's not old news.
          Anne
          • 2 Years Ago
          @Anne
          @Rotation, The deposit was $ 40,000 and fully refundable. So you could cancel your reservation and walk away with only the lost interest.
          Rotation
          • 2 Years Ago
          @Anne
          You had to put down 50% to order a Signature. So I would have figured on virtually no cancellations. But apparently this is not the case.
          Grendal
          • 2 Years Ago
          @Anne
          @Rotation Less than you think. Most didn't cancel on their S they just decided to move to regular production and drop the premium Signature. You basically got a badge and the special red color. The biggest reason to stick with the Signature was to get to the front of the line. A few decided the extra money wasn't worth the jump in line and switched
          Rotation
          • 2 Years Ago
          @Anne
          I didn't say it wasn't refundable. But who puts down $40K for a year and then cancels? Apparently a significant number.
    • Load More Comments