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Tesla Motors Inc (TSLA) Gen 3 Model E To Arrive In 18 Months

A new report puts the release of the Tesla Motors Inc (NASDAQ:TSLA) mass market electric vehicle, pre-emptively titled the Model E, at the start of 2016. The piece, which came from Dutch newspaper De Telegraaf, was picked up by writer Michael Gauthier, and says that the car will have a range of 199 miles. That’s a little less than the shortest range Model S sedan.

Tesla Motors

The Tesla Model E, if that is what the vehicle is eventually called, will be a new venture for Tesla Motors Inc (NASDAQ:TSLA). It will mark the company’s first entry into the mass market. The new car will, according to the report, cost $35,000. The car will have to be lighter and cheaper than the Model S in order to boost margins and demand. It will have to do that without compromising on Tesla’s unique style and technological features.


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