Just as suspected, Telsa Motors announced the new Model S with the help of California Governator Arnold Schwarzenegger this morning. The five passenger, completely-electric sports sedan will sell for $60,000 and get 225 miles on a full charge. The reason for the Governator’s involvement: Tesla will be manufacturing the car in Northern California due to new incentives offered by the state; New Mexico originally offered more incentives, but the Governator wouldn’t give up. The car is on track for a release date in 2010. To stir the pot even more, however, another Tesla big shot Elan Musk said that they will try to get cars down to $30,000 soon and said it would probably be in the next four years. One thing’s for sure, a $30,000 car would make more of an impact in the mainstream market than a $60,000 car would.

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