Tesla unveils full-sized electric sedan

With four doors, 160 miles on a charge and a price tag below $60,000, the new Tesla Model S was unveiled for the press yesterday in Los Angeles.  The car will be built in LA, thanks to some incentives (tax credits and a free 10-year property lease) put together by Governor Arnold Schwarzenegger and city officials.

It will also be eligible for a $7,500 federal tax credit for electric vehicles, which effectively reduces the price to $49,900.

The car will be available in 2011.

Source: LA Times,Tesla Motors