The future of Tesla Motors is looking a little brighter thanks to the repayment of a loan from U.S. Energy Department, and as such the CEO and shareholders can now move ahead with their vision in the knowledge that they now have no outside input to contend with.
There are two models that are key to the success of Tesla Motors, the first is the Model X crossover, as it gives consumers a greater choice, but more importantly the inexpensive Tesla with release dates expected in late 2014 and 2017 respectively.
However the affordable Tesla model could come to the market before 2017 and for a price less than $40,000. Although this model will still be more expensive than the Nissan Leaf and other such models, offering a range of 200 miles will separate the cheaper Tesla EV from its rivals. It’s things like going the extra mile (excuse the pun) that will see Tesla take greater strides in a few years down the line.
Having said that, whenever has $40,000 been affordable, although from what we know so far the car will have a more luxurious feel than its rivals? Although 4 years is a long time away, and so the likes of Nissan, Toyota, Honda and Ford will have improved their models in that time, along with the range of batteries increasing and their prices falling.
The $40,000 figure is not set in stone, as Tesla’s CEO Elon Musk said that the affordable Tesla model will be below that figure. Compare this to other models, such as the Nissan Leaf for $30,000.
In the past electric, vehicles were ugly, but that trend has shifted, and the best looking of all those models has to be Tesla, which is another reason why you have to pay a premium, even for the upcoming cheaper model.
Also See: Tesla Model 3 waiting list start date