The biggest name buzzing around the automobile industry nowadays: Tesla. With the Model S that the took the world by storm, as an all-electric luxury sedan, Tesla is no longer a name to scoff at. As was the case for the late scientist as well!
Tesla has been in the industry for a little over 10 years, but only posted profits recently in 2013. Which is no big deal, as surely it will be a gargantuan competitor in the market as it is already proving to be.
Tesla first gained notoriety back in 2008 with its Roadster model, the world’s first fully electric sports car.But Tesla does not only manufacture cars, they are also known for marketing their electric power train components as well. This includes sales of lithium-ion batteries to be big name automakers such as Toyota and Daimler. Elon Musk, CEO of Tesla Motors, plan for the future is to eventually offer electric cars at prices affordable to the average consumer, taking over the gas-powered vehicles completely!
His goal may not be too far in sight, at least according to recent news. Tesla recently announced a name for its first completely electric vehicle that is targeted towards the mainstream. The new model will be known as the Model 3, with three strikes in roman numeral form to represent the three (instead of what Ford was guessing, Model E).
A release date has been targeted by Musk around 2017, which is not too far off. The current price tag on the smaller vehicle is set $35,000, which is a decently low price compared to previous models. It has been state by Musk that it will have a range of over 200 miles per charge, simply by using batteries built within Tesla’s own planned Gigafactory. This is also good news for the original Roadster, as it will provide the car a more modern battery capable of going up 400 miles on a single charge! This is especially significant as Tesla has plans to build charging stations all across the United States.