Elon Musk Reveals Details On Upcoming $35,000 Tesla

Dealerships and automakers around the country have been fighting electric car maker Tesla’s direct-to-customer sales model, but many have wondered why they care so much about a car that costs more than most people earn in a year. Now you can expect that fight to get even nastier after Tesla founder Elon Musk announced plans for a high-end electric car that only costs around $35,000.

Musk revealed details of the Tesla Model 3 in an interview with UK website Auto Express.

The former eBay exec confirmed reports that the third generation of Tesla vehicles, set to go on sale by 2017, was supposed to be called Model E, but Ford had to ruin that plan.

“We had the model S for sedan and X for crossover SUV, then a friend asked what we were going to call the third car,” Musk said. “So I said we had the model S and X, we might as well have the E… We were going to call it model E for a while and then Ford sued us saying it wanted to use the Model E – I thought this is crazy, Ford’s trying to kill sex!”

Instead, it will be the Model 3, with three bars in the logo so, according to Musk, “it’ll be S III X!”

The images provided to Auto Express apparently aren’t definitive representations of the Model 3, as the site says they show “how it could look.” Regardless of the final appearance, it’s believed that the Model 3 should be about 20% smaller than the S.

E-vehicle battery technology has gotten significantly cheaper in recent years, which Musk says is one way Tesla plans to keep the Model 3’s cost down. Tesla’s planned Gigafactory battery operation will also provide batteries for other car manufacturers.

Range is often the biggest roadblock for customers thinking about purchasing an electric vehicle; if your battery dies far from a charging station, you could be out of luck. Musk claims the Model 3 will have a range of over 200 miles.

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