Report: Cadillac ELR to cost less than $57,400 Tesla Model S
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August 18, 2011
By Eric Loveday
General Motors has confirmed production of the Voltec-powered Cadillac ELR coupe. Though the automaker didn't officially announce pricing for the on-again, off-again angular coupe, Bloomberg claims an unidentified source close to the project revealed the Cadillac ELR's price will undercut the $57,400 Tesla Model S.
How much less? Well, Green Car Reports is expecting the ELR's MSRP to be in the ballpark of $49,900, with options adding up to $8,000 to that base price. But our guess is that the plug-in ELR will be priced in the mid-$50,000 range.