Elon Musk wants to sell you a $35,000 Tesla — but he’s still three years away from making that a reality, the PayPal billionaire admitted Tuesday.
Tesla’s “mass-market, affordable car is about three years away. That’s the car we’ve always wanted to make,” Musk said in a CNN interview.
The electric Tesla Model S is proving to be a hit, selling 6,900 in the last quarter of 2013 (up 25% from the previous quarter). It was even named the 2013 Motor Trend Car of the Year.
But the futuristic four-door comes with a shocking price tag, starting at approximately $70,000. A $35,000 model would put a Tesla within striking range of a much broader market.
Tesla is also working on an electric SUV dubbed the Model X, but that will cost about the same as an entry-level Model S.