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Tesla announces the Model 3: At half the price of the Model S, Tesla wants to take EVs mainstream

2014-07-16 14:30:12| Extremetech

Tesla's Elon Musk has revealed his company's plans to take on compact executive cars, such as the BMW 3-series, with the Tesla Model 3. The all-electric Model 3 (which was originally going to be called the Model E) will be around 20% smaller than the Model S, and will have a shorter range of around 200 miles -- but it will have 'strong performance' like the Model S and start at just $35,000 (the Model S starts at around $70,000).

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