Tesla confirms its next car model: A BMW 3 Series rival named ‘Model III’
Tesla’s next car model, called the Tesla Model III, is directly aimed at taking on the new electric BMW 3 Series, the company confirmed today to trade publication AutoExpress. This new car will be smaller, likely by 20 percent, than its sedan model, the Model S.
Tesla will unveil the Model III in 2016, and the car will go on sale by 2017. The new car will also most likely be reengineered by Tesla’s British engineering head Chris Porritt, formerly of Aston Martin. Tesla chief executive Elon Musk confirmed that he expects the new car to have a range of 200 miles, just like the Model S.
Moreover, the car is expected to have a price tag of about $35,000, a price made possible by cheaper battery technology Tesla will manufacture at its upcoming Gigafactory. The factory will likely be located in Nevada, Arizona, California, New Mexico, or Texas, and will produce batteries for outside customers as well (rumored are Mercedes and Nissan).
Related stories From Daily Tech Whip