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Tesla unveils groundbreaking electric car

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US automaker Tesla Motors unveiled its state-of-the-art five-seat sedan here Thursday, billed as the world's first mass-produced, highway-capable electric car.

The futuristic zero-emission vehicle will be powered by lithium-ion battery packs capable of between 160 and 300 miles (257 and 482 kilometers) per charge.

The car has an anticipated base price of 57,400 dollars but will cost less than 50,000 after a federal tax credit of 7,500 dollars, Musk said.

"What we really wanted to show the car industry is that it is possible to create a compelling electric car at a compelling price," Musk said. "We hope the industry will follow our lead."

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