CHICAGO
04/03/2009 05:12 am ET | Updated May 25, 2011

Tesla Opening Chicago Dealership

Tesla Motors, the Silicon Valley-based electric car manufacturer, is planning to open a Chicago dealership in the spring.

The store at 1053 W. Grand Ave., in River West near the Kennedy Expressway will be the company's third and the first outside of California.

The company's only car in production, the Roadster sports car, sells for over $100,000. Tesla plans to unveil a sedan model prototype for roughly half the price in late March.

The full Tesla release:

Tesla to Open Midwest Regional Sales & Service Center in Chicago
Tesla Motors Inc. is opening a Midwest regional sales and service center in Chicago, the first of seven retail facilities the electric vehicle manufacturer plans to launch this year.

The Chicago store -- which will open this spring -- is at 1053 W. Grand Ave., near the Kennedy Expressway in the River West neighborhood. The site is visible from the Ohio Street off-ramp and offers convenient access from the suburbs and further afield. The location gives prospective customers the opportunity to experience Tesla's best-in-class performance under a range of driving conditions, including highways and urban streets.

Tesla's first showrooms opened last summer in Los Angeles and Menlo Park, Calif. After Chicago, Tesla plans to open a store in London, U.K. It is finalizing site selection in Manhattan, Miami and Seattle and is scouting sites in Washington, D.C. and Munich, Germany.

"People in Chicago will soon see how the Tesla retail experience is vastly different from that of a traditional dealership," said Michael van der Sande, Tesla's Senior Vice President of Global Sales, Marketing and Service. "Tesla's cars are unique, and the look and feel of our stores reinforce the close connection we have with our customers."

Tesla is the only production automaker selling highway-capable EVs in the United States. The Tesla Roadster beats nearly every other car for acceleration yet is twice as energy efficient as a Toyota Prius. With an EPA-estimated range of 244 miles per charge, it costs roughly $4 to refuel and can be completely recharged in as little as 3.5 hours.

The Tesla Roadster has far fewer moving (and breakable) parts and requires less maintenance than an internal combustion engine vehicle. Tesla requests that owners bring in the car - which never needs oil changes or exhaust system tune-ups, among other costly repairs -- every 12,000 miles or once a year for a diagnostic check and software upgrade.

Tesla will unveil a prototype sedan March 26. The Model S will be an all-electric, zero-emission four-door with an anticipated base price of $57,400. After a federal tax credit of $7,500, the effective price should be less than $50,000. Because of tax incentives and relatively inexpensive maintenance and refueling, the lifetime ownership cost will be much lower than luxury cars with similar sticker prices.

"Tesla has no intention of being a niche automaker," said Tesla CEO, Chairman and Product Architect Elon Musk. "The Chicago store will introduce the company to even more people in the United States and position us to launch a more affordable sedan for mainstream drivers."

About Tesla Motors

San Carlos, Calif.-based Tesla Motors Inc. designs and manufactures electric vehicles with exceptional design, performance and efficiency, while conforming to all North American and European safety, environmental and durability standards. The Roadster, which has a 0-to-60 mph acceleration of 3.9 seconds and a base price of $109,000, is the only highway-capable production EV for sale in North America and Europe. Tesla expects to begin producing the all-electric, zero-emission Model S sedan in late 2011. Please visit www.teslamotors.com.