Tesla recieves over 500 orders for new electric sedan

Tesla, the company that famously builds the $100,000 all-electric Roadster capable of going from 0-60 in under 4 seconds, has secured over 500 deposits for its new all-electric sedan (the Model S) despite it being years away from production. The number of deposits is even more surprising given the economy and uncertainty over Tesla's future - Tesla is trying to secure over $300 million in Energy Department loans. With successful models like the Roadster and Model S, Tesla is positioning itself to be the world-wide leader in electric vehicles. Perhaps Obama is right. The next generation of automobiles will be built in the United States, just by companies like Tesla rather than G.M. and Chrysler...