Gallery: Tesla Motors Announces Fourth Car for Future Electric Vehicle ...


It’s been a great year so far for Tesla – the electric automaker paid back its federal loan a full 9 years early, it announced plans to triple its supercharger stations, and it scooped the green car of the year award. Now CEO Elon Musk has announced plans to follow up on the company’s success with two additional vehicles – a small SUV and a lower-priced sedan that will hit the streets as early as 2015.

Currently the car company is focused on producing the Model S sedan and the Model X, a crossover SUV that will go into production next year. “In about three to four years, that’s when we aspire to bring into production a sedan that’s about half the price of the Model S, and then shortly thereafter a small SUV as well,” says Musk. “These should be quite affordable. The price would be on the order of $35,000.” Tesla has been in the news lately after posting its first profit in the company’s 10-years and promptly paying off its federal loan nine years early.

Via Bloomberg

images from Tesla 


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  1. Darrell Brown June 19, 2013 at 1:13 am

    The news is exciting, and timely as other potential all electric vehicles are struggling. The new models coupled with the expanding charging station system make Tesla\\\’s future even brighter.
    Having spoken with a Tesla Roadster owner, the lack of charging stations has not slowed down the enthusiasm for the Tesla vehicles on the road.

  2. BrandZing June 12, 2013 at 8:11 pm

    Way to go TESLA!! You did it when all of the major auto manufacturers said it couldn’t be done!? They said the battery technology wasn’t available and that people would’t buy an all electric car… How could the leading car companies in the world be so wrong and so slow to move forward?!?

  3. tomn1ce June 10, 2013 at 8:21 am

    That is a heck of good job by Tesla and company. That would be nice if they are able to produce a more affordable model by 2015. That means that they’ll be available by the time that the supercharger station network would be more spread out through out the US and southern Canada. Keep up the good work and I hope that they are able to reach their goals.

  4. lush1 June 6, 2013 at 6:16 pm

    According to Forbes, NADA and others, the average price of a car in America is somewhere between a tick over 29k and a tad under 31k. Google it. So $35000 would generally be considered affordable by those standards, which are the average prices people are paying for GAS cars right now. $5000 is a little above that, but not unattainable for average people. When you factor in the extremely low maintenance and operating costs of BEVs like a Tesla, it ends up somewhere between affordable and cheap. Your money may vary.

  5. Eletruk June 6, 2013 at 3:43 pm

    News flash Elon, $35K is not considered an affordable car to the general public. $20K is the price point you have to hit, and the recent sales flurry of the GM Spark EV, and Fiat 500 EV show that once you hit that $200-$250 a month payment, then sales take off. $35K puts you square in the pack of low volume sales EV like Ford Focus EV which has sold only 600 or so.

  6. Mary June 6, 2013 at 2:23 pm

    I love that Tesla is proving electric is powerful and can go the distance. Just waiting for a $50k sexy sport model to be designed. Huge sedans and SUVs aren\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\’t my style.

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