The renowned electric Roadster sports car maker, Tesla Motors Inc., is looking forward to trade the Model X, a rechargeable crossover utility vehicle, by the end of 2013. The company had expressed enthusiasm about its forecasted proposal and said that it will make the Model X available within three range variants and will keep the cost almost equivalent to those of the model S.

In addition to this, the Tesla had notified that the electric Model S cars will cost around $57,400 to $77,400 during the month of March, before a $7,500 federal tax credit, and anticipated to launch the Tesla Model S electric sedan most probably in the middle of next year.

The Model S is believed to feature all aesthetic attributes including a striking four-door coupe body style, which has a great influence from the Jaguar XF and even the Aston Martin Rapide apparent in the design of this stylish electric sedan. A unique bumper design had endorsed the product value.

Additionally, the company had outlined policies to raise $234 million in a combination of a follow-on offering and a private placement while notified that it will use the profits to develop its third electric car Model X, an electric SUV vehicle.