After months of teasing, Tesla has finally announced the highly expected and hotly desired Tesla Model-S. In keeping with the Tesla Roadster, the Model-S is a gorgeous looking electric vehicle that is capable of rocketing from 0-60 in 5.5 seconds and traveling up to 300 miles on a single 45 minute charge.

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When people think of Tesla, they often picture the Roadster, the electric sportscar coveted by eco-geeks everywhere. What most do not know is that in reality the Roadster was always intended to provide both a prototype and the funding for creating the more affordable mass-market vehicle, the Model-S. Everyone was expecting Tesla’s Model S to be a stunning vehicle – a suspicion that was confirmed by the pictures that Kevin Rose, founder of Digg, leaked in his Flickr account.

By all accounts Tesla truly have a winner in their hands. Whereas the roadster was targeting Porsche as a competitor, the Model-S will be going head-to-head against BMW and Mercedes. The Model-S will cost $57,400, and it qualifies for a federal credit in the US, so expect that price to drop down a bit. You can expect to see this hitting production by 2011. We can’t wait.

+ Tesla Motors

Via Wired