Tesla confirms Model 3 launch
Called the Model 3 – written as Model III – the new model will be 20% smaller than the Model S luxury sedan, according to an interview held between Tesla CEO Elon Musk and Auto Express.
The report also says the model will go on sale in the U.S. for $35,000 in 2017 and about £30k in the UK as the carmaker looks to target affordability.
According to the report it is likely the new compact executive car will be based on an all-new platform rather than the one from the Model S, which will be engineered by Tesla’s engineering chief, Chris Porritt.
The report also says the new model will have a range of 200 miles (320km).
Meanwhile Elon Musk has also said that it is looking to offer owners of its first model, the Roadster, a battery upgrade to increase its range from 245 miles to around 400 miles.
‘The Roadster had an old-generation battery. We’ll upgrade it to a new generation battery pack and it should have a range of about 400 miles, which will allow you to drive from LA to San Francisco non-stop,’ he said.For more of the latest industry news, click here.