Excerpted from WIRED magazine:

The university’s Solar Electric Vehicle Team, the oldest such team in the country, unveiled the $243,000 carbon-fiber racer dubbed Eleanor on Friday and is shaking the car down to prepare for its inaugural race later this year.

"It drives beautifully," said George Hansel, a freshman physics major at the Massachusetts Institute of Technology and a member of the team. "It’s fun to drive and quite a spectacle."

Eleanor is slated to compete in the tenth World Solar Challenge, a seven-day race across nearly 2,000 miles of Australian outback.

See full article… (and check out the cool photos of the car!)