Photo: The Detroit Bureau
With the Model S already enjoying success on the luxury market and the Department of Energy loan paid in full nine years early, Tesla Motors is looking to offer a totally new electric car.
Aware that the Model S is too expensive for most people, Elon Musks says his company is working on an affordable EV that could rival Nissan’s Leaf model. Although the low cost Tesla is far from being developed, Musk promises the car will eventually see the light of day.
“With the Model S, you have a compelling car that’s too expensive for most people,” he said. “And you have the Leaf, which is cheap, but it’s not great. What the world really needs is a great, affordable electric car. I’m not going to let anything go, no matter what people offer, until I complete that mission.”
In addition, Musk said the affordable Tesla will hit the market in three to four years with a range of about 200 miles and a price tag of under $40,000. The 2013 Tesla Model S can be had for at least $60,000 while the current generation Nissan Leaf costs almost $29,000.
Story via DetroitNews
“With the Model S, you have a compelling car that’s too expensive for most people,” he said. “And you have the Leaf, which is cheap, but it’s not great. What the world really needs is a great, affordable electric car. I’m not going to let anything go, no matter what people offer, until I complete that mission.”
In addition, Musk said the affordable Tesla will hit the market in three to four years with a range of about 200 miles and a price tag of under $40,000. The 2013 Tesla Model S can be had for at least $60,000 while the current generation Nissan Leaf costs almost $29,000.
Story via DetroitNews
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