Well it looks like the name is now "Model S".
Tesla to build new electric sedan in Bay Area
Tax breaks for Tesla, Model S sedan to get 225 miles, cost $60k - AutoblogGreen
ABG has this to say:
Quote:
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Tesla used the Governor's visit as an opportunity to formally announce its new "multi-use sport sedan," currently codenamed Model S...
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ABG seems unclear as to whether "Model S" truly is the name for the sedan or just another codename. I can't say I particularly care for the name. Like most things, I'd bet it's still subject to change.