Tesla Model 3

Tesla Motors officially confirms the new Model 3 electric vehicle will go on sale in 2017, with a 200-mile range.

Image © Tesla

Tesla CEO Elon Musk announces Model III next electric car will cost $35,000, will be 20% smaller than Model S and have a range of 200 miles.

The new car with these specifications would much impact the auto industry and most notably the BMW 3 Series, the Audi A3, the Mercedes C-Class and more.

Musk said:

“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! So we’ll have to think of another name. The new model is going to be called Model III, we’ll have three bars to represent it and it’ll be S III X!”

via cnet