Coming after the crossover SUV, called the Model X, Tesla Motors plans to release a $35,000 car built to challenge entry-level sedans like the BMW 3 Series. Its name? The Model 3 (will Roman numerals, in marketing instances). It will go more than 200 miles on a single charge, and will be fully unveiled in 2016. Being the company’s fourth car, its batteries will be built in Tesla’s planned Gigafactory.
All in all, this might be rather promising, and would ensure that Tesla can remain competitive in the automotive market.