In some real Tesla news, the EV maker’s latest quarterly report was just released with is loaded with good news for investors, but a bit of bad news for EV advocates. Despite reporting making a profit in the first quarter of 2013, Tesla is quietly killing off its most affordable vehicle, the 40 kWh Model S, and that’s no joke.
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Tesla Motor’s novel approach to selling its all-electric Model S with different battery sizes has made it far and away the most successful electric car maker on the market. Up until now, only the most expensive Tesla Model S with the 85 kWh battery has been officially rated by the EPA, but Tesla has just released the ratings for its middle child with the 60 kWh battery pack. With over 200 miles of range per charge, can the middle child steal sales from the elder?