Tesla Motors (TSLA) confirms the anticipated price increase for its Model S. The automaker will...

|About: Tesla Motors (TSLA)|By:, SA News Editor

Tesla Motors (TSLA) confirms the anticipated price increase for its Model S. The automaker will list the highly-touted electric vehicle at new base price of $59.9K before federal tax credits. Though Tesla cites inflation rates in spinning the price hike, it can't hurt that the Model S just walked away with the Motor Trend 2013 Car of the Year award. TSLA +1.6% premarket.