Tesla CEO hints at an entry-level model

2013 Tesla Model S
2013 Tesla Model S

Promises it would be better than the Nissan Leaf

Tesla CEO Elon Musk has revealed his intentions to launch an entry-level model within three or four years.

Musk didn't have much to say about the car but revealed it will be nicer than the Nissan Leaf and have a range of approximately 200 miles (322 km). As he explained, the Model S is compelling but too expensive while the Nissan Leaf is cheap but "not great."

To fix this discrepancy, Musk wants a compelling and affordable electric vehicle that would cost less than $40,000 (€30,915). He thinks the model is so important that he won't even consider selling or leaving the company until such a car is built.

Speaking about a possible sale, Musk said if Tesla was ever acquired it would likely be bought by someone outside the auto industry as the suitor would need billions of dollars in cash.

Source: Bloomberg
Published May 28th, 2013 12:40am By Michael Gauthier

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Comments (2)

loco667 loco667
Is this news? Musk has been talking about it for last 10 years. Here's a quote from his blog entry in 2006: "1. Build sports car 2. Use that money to build an affordable car 3. Use that money to build an even more affordable car" http://tinyurl.com/pdpp8q6
May 28th, 2013 10:26am
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tomi.ro tomi.ro
yes please. something around 20k euro, to show the other auto corporations the middle finger for their methods of conducting business (outrageous profits)..i wonder how 150k usd would've retailed the "tesla s" if under toyota/nissan/whatever other brand
May 28th, 2013 2:06am
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