Tesla Motors confirms new entry-level saloon will be called Model III

Tesla Motors currently has the Model S in production and next year a bigger Model X SUV with falcon doors will join the range.

In an interview with Autoexpress, CEO Elon Musk has confirmed their next model, called Model III will be unveiled in 2016 with a market launch in 2017.

This new entry-level saloon will be roughly 20 per cent smaller than the Model S, going against the upcoming electric BMW 3 Series.

Tesla Motors planned on using the “Model E” designation at first but Ford sued them and they came up with an alternative name.

The Model III will ride on an all-new platform, built under the expertise of engineering chief Chris Porritt who previously worked at Aston Martin.

The lithium-ion battery pack will be good for a range for more than 200 miles and the projected base price in U.S. will be approximately $35,000 USD. That price will be possible thanks to cheaper-to-make lithium-ion batteries from Tesla’s upcoming Gigafactory. In UK the Model III is expected to cost around £30,000.

In addition to a new Model III, Musk also announced the owners of a Lotus Elise-based Roadster will be able to upgrade to a new next-generation battery pack, boosting range from the current 245 miles to around 400 miles.

note: pictured above is the Model S


Limited Edition Bentley Birkin Mulsanne revealed for Europe
Gumpert Explosion revealed with 414bhp and all-wheel drive in Geneva
Afzal Kahn selling 'F1' number plate for £10 million
Some useful driving safety tips
Jay Leno gets to drive the all-electric Harley-Davidson LiveWire prototype
New second-generation 2015 Audi R8 revealed for Geneva debut
Infographic shows the evolution of the Ford Fiesta since 1976 all the way to this day
Kia Telluride Concept debuts in Detroit
Updated Audi A6 and A7 Sportback revealed
Škoda Kodiaq - the brand's first large SUV is officially here
Panasonic debuts the future of driver displays at CES
Mercedes-AMG GT Concept previews the performance of the future
Tags: , ,