Tesla Motors Inc (NASDAQ: TSLA) Reveals Tesla Model 3 Sedan With Crossover Options

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Tesla Motors Inc (NASDAQ: TSLA) Technical Director JB Straubel revealed more details about the fully electric vision of the company. Information on the long-awaited entry-level Model 3 remains speculative, but we now know that it will be offered in sedan and crossover versions.

So far, Tesla models have been offered with a single body style with various performance packages, and premium price tags. This high-end, high-end approach sold a modest 60,000 units as of 2014. With release slated for 2017, Elon Musk fully expects that Model 3 to sell 10 times more units now until 2020.

According to Elon Musk, the vehicle will have a range of at least 200 miles, similar to previous models. But with its so-called “third generation” lithium-ion battery, it will debut with an estimated MSRP of $ 35,000, half that of Tesla’s second and only current production vehicle, the Model S. model variation, the automaker may try to dominate the electric car market in the same way as the Ford F-Series has been the market leader in trucks for decades. And without 100 years of gasoline polluting its waters, Tesla was able to draw public attention to its small pond.

Founded in 2003, Tesla reached initial profitability at the end of 2009. Its 288 hp ($ 109,000) Sport Roadster won numerous awards, although only 2,450 units were delivered when the first-generation vehicle was released. discontinued in 2012. The Tesla Model S sedan was introduced in 2012 and the 4WD Crossover Model X set to hit the roads later this year.

Straubel has credited several companies with the continued development of smaller and lighter lithium-ion batteries, including Samsung SDI and Panasonic Corp. a 21st automobile brand, or will it, like its namesake, make its contributions for an essential technology?

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