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Cheaper Tesla Sedan Will Arrive in Late 2016

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Tesla is working on a new smaller electric sedan that will cost about half the price of the current Model S sedan, which starts at $62,400.

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Tesla is working on a new smaller electric sedan that will cost about half the price of the current Model S sedan, which starts at $62,400. Tesla CEO Elon Musk has revealed the smaller sedan will arrive in late 2016 and will have a driving range of at least 200 miles.
At Tesla’s annual shareholders meeting in Mountain View, CA, Musk stated that the new “Gen III” sedan will have a family resemblance to Tesla’s current lineup and will have a starting price that is closer to other electric vehicles like the Nissan Leaf. Musk also stated that the new sedan may even have some autopilot or self-driving technologies.

“A significant improvement in technology is needed to have a compelling affordable electric car. To be compelling, it must have a useful range of 200 miles,” Musk stated.

The new smaller Tesla sedan will be the fourth Tesla model after the arrival of the upcoming Model X crossover.

Tesla via Automotive News