Little is known about the concept but according to reports, it will offer a 15% larger power source than the 85kWh unit in the current Tesla Model S, potentially bringing around a 300-mile range.

The firm has said that from the outset it will offer “fully electric vehicles that will offer smart and seamless connectivity to the outside world. Beyond traditional electric vehicles, we are also developing other aspects of the automotive and technology industries, including unique ownership models, in-vehicle content and autonomous driving”.

It added: “By placing equal emphasis on automotive and technology disciplines, our team of experts is uniquely positioned to take a user-centric, technology-first approach to vehicle design with the ultimate aim of connecting the automotive experience to the rest of your life.”

The 400-strong team at Faraday is headed up by Tesla’s former director of vehicle & chassis engineering, Nick Sampson as senior vice president of R&D and also includes head of design Richard Kim, who is billed as the founding member of BMW i Design and lead designer for the i3 and i8 concepts.

Earlier this month the firm announced it was considering the site for its first factory, with California, Georgia, Louisiana and Nevada all possible locations.