Tesla will launch a more affordable smaller electric sedan in late 2016

Article by Anita Panait, on June 5, 2013

Tesla Motors will be launching a smaller electric sedan in late 2016, chief executive Elon Musk has revealed during an annual meeting of shareholders. According to Tesla’s top honcho, the smaller sedan, dubbed as “Gen III,” will have a range of 200 miles and will have a starting price that is around half of the flagship Model S.

Since the current Model S starts at $62,400, the Gen III car would have a base price similar to the Nissan Leaf SV and would have three times the real-world range. According to Musk, the Gen III will have a "family resemblance" in design to the current lineup.

He indicated that Gen III may feature "some autopilot or self-driving elements," but said those technology might not be ready when the first unit is rolled out to the public. Musk remarked that a significant improvement in technology is needed to have a compelling affordable electric car, which should have a useful range of 200 miles.

Tesla’s CEO said the carmaker is collaborating with Panasonic on new battery-cell electrochemistry optimized for use in vehicles. He expressed optimism that advances in energy storage and energy density technology can be made "without any miracles happening." Musk disclosed the demand of the Model S in the United States is steady at 15,000 units annually through the second quarter of 2013.

The carmaker will commence shipping vehicles to Europe in late June and to Asia in the fourth quarter of 2013. Musk said that altogether, demand is around 40,000 annualized vehicles. Although a slide presented at the meeting showed that demand was around 30,000 units, Musk corrected the figures to 40,000. Tesla’s CEO said that the carmaker will physically deliver around 21,000 units this year.

If you liked the article, share on:

Comments

Recommended

In 2014, Jaguar Land Rover’s Special Vehicle Operations revealed the F-Type Project 7. At that time, it was said to be the fastest accelerating road car carrying a 5.0-liter Supercharged...
by - May 29, 2017
There is an ongoing rumor going around the automotive community, and it’s aimed at BMW. The rumor? The German marque has reportedly axed the i5 Electric vehicle concept. These supposed...
by - May 29, 2017
Volkswagen's yearly Worthersee affair that happens in Austria is considered a hotbed for all types of cars from the German company's long and renowned history. Most of the gathering features...
by - May 29, 2017
Behold, the Rolls-Royce Sweptail! The Sweptail is probably the biggest two-seater car that has ever been built. It may look odd at first glance, and you may not be fond...
by - May 29, 2017
BMW just keeps on getting bigger and bigger, in terms of their lineup I mean. Just after unveiling the 8 Series Concept, they are now teasing us with an M8...
by - May 29, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries