Tesla’s newly launched 520 S Model is relatively new in the electric car arena but on the first week it was announced, customers have already reserved their units with a $5,000 downpayment.

The Model S which is yet to be available next year costs $49,900. There is also a limited edition which will require the buyer to pay $40,000 as reservation fee. Features of the car  include a top speed of 130 mph and can go from 0-60 within 5.6 seconds.

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