Tesla Model S Sold Out for 2012 image

Tesla CEO Elon Musk has just announced that the Palo Alto based automaker has already racked up more than 6,500 orders for the Model S.

The electric Tesla Model S will carry a starting price tag of 49,900 after a federal tax credit of $7,500.

“They’re mostly new buyers,” Musk, said in an interview on “In The Loop With Betty Liu” on Sunday. “Only about 600 people who have ordered Roadsters have also bought the Model S.”

The tech startup mogul also added that Tesla could see an annual profit by 2013 – a lot quicker than many analysts expected. If it’s successful on reaching profitability, it will mean that Tesla will be the first major manufacturer of electric cars to do so.

Recent reports noted that the EV automaker has lost money on every Roadster sold, which includes the two-seat Roadster and the Roadster Sport.

So far the company has received over $814 million in funding, without turning a profit, and $331 million of that came from government energy loans now under intense scrutiny.

The five-door battery-powered vehicle will be produced at a factory in Fremont, California, that was formerly owned and operated by joint venture between Toyota and General Motors.

There is still a bit of sporting performance in the Model S, which can go from zero to 60 in under six seconds and features an impressive top speed of 130 MPH.

As of now, the company has yet to report an annual profit.