WhooHoo Tesla announces the Model S Sedan!

Now all I have to do is save up 5,740,000 pennies and I’ve got my dream car.

Yep! for a only $57,400 I can own a super eco-friendly all electric car that rivals some of the best gas-hogging luxury models.

Tesla Motors, which happens to be backed by none other than Elon Musk of Paypal fame, announced it will be manufacturing the luxury all electric Model S Sport Sedan in Hawthorne, California.

Unlike Tesla’s $109,000 Roadster which only produces 1200 new vehicles per year, the Model S is expected to manufacture up to 20,000 vehicles a year beginning in 2011.

I better start saving those pennies quick.