Tesla Motors is set to expand its lineup with the previously announced Model S sedan, as well as an all-new crossover. First up is the Model S sedan, due in 2012. It is expected to retail for $50,000, about half the cost of the Tesla Roadster sports car. By 2014, Tesla will introduce a replacement for the current Roadster, as well as a new crossover vehicle.

Elon Musk, chairman of Tesla, said that future vehicles will feature four-wheel drive, a 17-inch touch screen and the ability to swap batteries out in one minute. The cars will also have a range of 300 miles and the ability to achieve a five-star crash test rating.

Tesla also announced a deal to supply some electric vehicle technology to Mercedes-Benz for their A-Class and Smart compact cars. Tesla plans to supply other companies with similar technology and make it a cornerstone of their business.

[Source: Autoweek]

Tesla has a significant presence at the Detroit Auto Show and shared its section of the show floor with such revered brands as Audi and Lotus. Displaying three models, Tesla CEO Elon Musk announced that the company’s latest project, the Model S, is expected to be on sale in two years.

This fully-electric luxury sedan has a range of up to 300 miles and can hit 60 mph in just over 6 seconds. With room for five adults and two children, Tesla has previously announced that it hopes to sell the Model S for a retail price of 49,900 after a $7,500 federal tax credit. Both rear-wheel and all-wheel drive versions are planned.

In addition to the Model S news, Tesla displayed a Roadster model (the company’s original car), that recently drove across America.

Finally, an additional Roadster model is the brand’s 1,000th vehicle produced. Musk announced that the car will be auctioned-off with the proceeds going to help several environmental groups.

GALLERY: Tesla Model S