Tesla Motors Inc. will be adding two new models to its vaunted vehicle lineup, according to chief executive Elon Musk. The new models will be a new small crossover and a new compact sedan – both of which will share a third-generation platform. According to Muck, the new small crossover and the new compact sedan will be smaller and less costly than the $70,000 Model S sedan that went on sale last summer and the Model X crossover that will be launched next year.
The small sedan – called internally as Gen 3 since it will be underpinned by Tesla’s third-generation platform – will compete against the Audi A4 and the BMW 3 Series and will have a starting price of around $30,000, Musk said.
It could be available for sale "in the next three to four years." Musk suggested that the compact crossover, meanwhile, may share some design cues, including gull-wing doors, with the 2014 Model X. The compact crossover may compete against the BMW X1 and Audi Q3 crossovers.
One of the major differences between premium European models and Tesla’s new models will be the propulsion system. While premium European models are powered by conventional engines, Tesla’s third-generation vehicles will be powered by electric motors and lithium-ion batteries and fully able to use the carmaker’s fast-charge stations.
Musk said that Tesla is accelerating plans to expand its fast-charge network across the United States and Canada, with 25 charging stations installed in Chicago, Denver, Houston, Seattle and Portland and others by end of June.
Tesla currently operates eight Supercharger stations -- including six in California, one in Connecticut and one in Delaware. Tesla’s Supercharger networks will eventually grow to 200 stations, with up to 3,000 charging ports, Musk disclosed. The carmaker will announced later this year a similar fast-charge network for Europe.