Tesla now reports over 700 orders for Model S in first 2 weeks

A week after Tesla began accepting orders for its new Model S electric sedan, the company reported that it had accepted over 500 reservations. Another week has passed, and about 200 more order forms have reportedly been collected for a total of 711 deposits. At this point, we're still not sure how those orders break down between the standard Model S or the range-topping Signature Series, of which 2,000 total units will be made. Buyers looking for a standard-fare Model S need to plunk down a refundable $5,000 deposit to hold their reservations; those intending to drive home a new Signature Series need to put down a whopping (though also refundable) $40,000 deposit.

Tesla plans to launch production of the 7-seat Model S electric sedan in late 2011. Something tells us that demand will remain high for Tesla's latest vehicle – the Silicon Valley automaker claims to have nearly 1,000 customers currently on the waiting list for its first vehicle, the Roadster.

[Source: Carscoop]