Even in this crazy economy, there is a ton of demand for the 2011 Telsa Model S is thriving, taking in a whopping 520 reservations in one week.

“Frankly the number of cars reserved in the first week has exceeded our optimistic internal projections,” said Tesla CEO, Chairman and Product Architect Elon Musk. “Enthusiasm surrounding the Model S is proof that there’s pent-up demand for more affordable, fuel-efficient vehicles – including those made in America.”

If you’ve got the extra cash, Tesla is also taking reservations for the Model S Signature Edition with a $40,000 reservation fee. Only 2,000 Signature Edition cars will be produced, which will be evenly split between U.S. and European customers.