Tesla Motors’ latest electric car has been hitting sales records since it launched in June, and analysts are bullish about its prospects for years to come.
Tesla says the new Model S is the most profitable vehicle ever sold in the United States, and it expects sales to continue rising.
Tesla Motors is in the midst of its biggest mass-market launch in more than a decade.
The Model S sedan, which costs $75,000, has made headlines for its low-cost, all-electric powertrain.
The car’s range has been boosted from 130 miles to 265 miles.
Its electric-only features include an all-wheel-drive system that automatically changes the vehicle’s torque to handle hills and tight turns.
Tesla has also added a range extender to the battery pack, allowing it to accelerate and brake from 0 to 60 mph in 2.7 seconds.
The Model S will hit the road in late 2021, but it will be years before Tesla can sell them all.
A $3,000 upgrade is available, and buyers who opt for it can expect a range of over 200 miles.
Tesla is hoping to expand the range to about 500 miles by 2021.
Tesla is also adding the option of a $1,500 Supercharger network in some markets.
In the U and Europe, the Tesla Superchargers can be found in select locations around the country.
In a conference call with analysts on Thursday, Tesla said that the company is seeing increased demand for the Model S, particularly in California.
Tesla CEO Elon Musk said in March that he expects the Model 3, the vehicle Tesla plans to introduce in 2020, to bring in about $1.5 billion in sales.
In California, the Model X, which starts at $90,000 and can go up to $123,000 before the state starts charging the price, is expected to make up around 40% of Tesla’s sales.
Tesla will sell its first production Model X SUV, which has a range that ranges from 140 miles to 215 miles, at the end of the year.
The company is also introducing the Model E SUV in 2017.
It is expected that sales of the Model 2 will increase significantly, but Tesla will continue to sell Model X.