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

Login or Create new account to add a comment!

Recommended

Retired Formula 1 driver Jenson Button has just received his brand new McLaren MSO 675LT Spider. This was confirmed after McLaren Beverly Hills posted a picture on its official Instagram...
by - January 24, 2017
Ford and Toyota have come together in the hopes of standardizing their vehicles’ smartphone integration system. The open-source platform is said to compete with Google Android Auto and Apple CarPlay...
by - January 24, 2017
The race to autonomous driving has been dictated by the need to make the road safer and reduce the incidents of vehicle crashes. Several major carmakers in the world have...
by - January 24, 2017
The Shooting Brake is probably the least rendered body shape in the automotive world. But it’s also the most sought after design among car nuts for its unique, old-fashioned charm....
by - January 23, 2017
Perhaps to make the upcoming Valentine’s day more special, Tinder dating app and Ford UK have cooked up a special blind date for all the single blokes and chicks in...
by - January 23, 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