• Sign in
  • |
  • Sign up

Car News

Tesla Motors Says a More Affordable EV Is Coming

RELATED READING
  • Car Deals

    We've listed today's top SUV deals and incentives available this month on some of our favorite new models.
  • New Car Review

    The iconic 2016 Chevrolet Corvette offers amazing performance and bold styling that still looks sharp 3 years after its latest redesign.
  • Used Car Review

    The 2011 Hyundai Genesis delivers all the power, style and creature comforts of a premium European luxury sedan for thousands less
RESEARCH BY MAKE
Honda cars, trucks and SUVs Nissan cars, trucks and SUVs Ford cars, trucks and SUVs Toyota cars, trucks and SUVs Hyundai cars, trucks and SUVs Chevrolet cars, trucks and SUVs Mercedes-Benz cars, trucks and SUVs Lexus cars, trucks and SUVs
Acura cars, trucks and SUVs Alfa Romeo cars, trucks and SUVs Aston Martin cars, trucks and SUVs Audi cars, trucks and SUVs Bentley cars, trucks and SUVs BMW cars, trucks and SUVs Buick cars, trucks and SUVs Cadillac cars, trucks and SUVs Chevrolet cars, trucks and SUVs Chrysler cars, trucks and SUVs Dodge cars, trucks and SUVs Ferrari cars, trucks and SUVs FIAT cars, trucks and SUVs Ford cars, trucks and SUVs Freightliner cars, trucks and SUVs GMC cars, trucks and SUVs Honda cars, trucks and SUVs Hyundai cars, trucks and SUVs Infiniti cars, trucks and SUVs Jaguar cars, trucks and SUVs Jeep cars, trucks and SUVs Kia cars, trucks and SUVs Lamborghini cars, trucks and SUVs Land Rover cars, trucks and SUVs Lexus cars, trucks and SUVs Lincoln cars, trucks and SUVs Lotus cars, trucks and SUVs Maserati cars, trucks and SUVs Mazda cars, trucks and SUVs McLaren cars, trucks and SUVs Mercedes-Benz cars, trucks and SUVs MINI cars, trucks and SUVs Mitsubishi cars, trucks and SUVs Nissan cars, trucks and SUVs Porsche cars, trucks and SUVs RAM cars, trucks and SUVs Scion cars, trucks and SUVs smart cars, trucks and SUVs SRT cars, trucks and SUVs Subaru cars, trucks and SUVs Tesla cars, trucks and SUVs Toyota cars, trucks and SUVs Volkswagen cars, trucks and SUVs Volvo cars, trucks and SUVs
RESEARCH BY STYLE
AWD/4WD
Commercial
Convertible
Coupe
Hatchback
Hybrid/Electric
Luxury
Sedan
SUV/Crossover
Truck
Van/Minivan
Wagon

author photo by Doug DeMuro June 2013
  • Tesla Motors says more affordable EV on the way
  • CEO Musk says new model will be around $35,000
  • New EV still three or four years away

A more affordable Tesla is coming. The automaker recently announced plans for a more affordable EV than the pricey Model S sedan, which starts around $71,000 with shipping.

According to Tesla chief executive Elon Musk, the car will be less expensive than the Model S but still pricier than the popular and fully electric Nissan Leaf hatchback. It will also bring many new buyers to the Tesla brand, which is currently confined to those who can afford the Model S or its $1,000-plus monthly payments.

"With the Model S, you have a compelling car that's too expensive for most people," said Musk in an interview with "The Detroit News". "What the world needs is a great, affordable electric car. I'm not going to let anything go, no matter what people offer, until I complete that mission."

Musk didn't specify many details about the upcoming electric car, except that it's still three or four years away. He also mentioned it will retail for around half the price of the Model S and offer a maximum driving range of around 200 miles. That would be about three times the Leaf's EPA-certified range of 75 miles on a single charge. But it would also be more expensive, as the Leaf starts around $30,000.

In the meantime, Tesla has shown a prototype crossover called the Model X, which is scheduled to go into production next year. Featuring falcon doors that rise above the car like a bird's wings, the Model X boasts a 270-mile, fully electric range.

So far, the Model S has proven popular with shoppers interested in a fully electric luxury vehicle. With around 4,900 units sold, it was the most popular electric car in America during the first quarter of 2013, beating out the Leaf's 3,695 sales. The Model S even outsold the plug-in hybrid Chevrolet Volt, which moved more than 4,400 units in the first quarter.

What it means to you: If Tesla Motors follows through on its promise to create a less-expensive new model, you may soon be able to park a Tesla in your driveway without a high-dollar budget.

This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
Close 
Tesla Motors Says a More Affordable EV Is Coming - Autotrader