30 Jun '13, 1pm

Tesla Reported Moving Ahead with $35K Electric Car: Gen 3 car would be smaller version of the highly successfu...

PHOTO CAPTION: Teaser image of original Model S concept. Tesla Reported Moving Ahead with $35K Electric Car Tweet Gen 3 car would be smaller version of the highly successful Model S and would due out sometime in the 2016-1017 time frame. Tesla has proved it can make an expensive electric car, but it has not yet met its goal of making an affordable one. Its long-term success may hinge on its ability to drive down battery and manufacturing costs and create a car in the $35,000 price range. There are many ways to measure Tesla Motors’ remarkable progress in the three years since the electric carmaker launched its initial public offering. There’s the first-ever profitable quarter this spring. There’s the nearly perfect 99 out of 100 score in Consumer Reports’ review of the Model S sedan. There’s the stock price, up more than 500 percent since June 2010 and currently trading ar...

Full article: http://www.evworld.com/news.cfm?newsid=30635

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