Pictured: Elon Musk
Prolific innovator Elon Musk has tweeted that two years from now he will release Tesla’s first mass-market car for consumers, the Model 3, which will cost US$35,000.
Musk said that the Model 3, a smaller and lower-cost sedan, will start production within two years and that he is scouting locations for a new fully-operational Gigafactory to handle manufacturing of the vehicle.
In a series of three tweets, he also said that the much-anticipated crossover Tesla Model X will be released on 29 September.
Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.
— Elon Musk (@elonmusk) September 2, 2015
He said that the Model X will cost about US$5,000 more than a Model S due to its greater size.
With same options, Model X is $5k more than an S due to greater size & body complexity. Sig Series is fully loaded, hence high price. — Elon Musk (@elonmusk) September 2, 2015
The first production cars for the Model X will be released on 29 September from Tesla’s Fremont factory.
First production cars will be handed over on Sept 29 at our Fremont factory
— Elon Musk (@elonmusk) September 2, 2015
Despite setbacks with his SpaceX rocket, with one spectacularly exploding and crashing in July, Musk is undeterred in his mission to transform the world.
In May, he revealed the Powerwall technology, a giant battery for the home or business, that he predicts will transform energy consumption in the 21st century.
In July, Tesla also announced a new ‘Ludicrous Speed’ upgrade for the Model S that will boost range and increase acceleration.
The visionary inventor/investor is also working on his ambition to create a high-speed rail system that would make it possible to travel between cities like LA and San Francisco in minutes rather than hours.
Elon Musk image via Shutterstock
