Tesla dropped a bombshell at a conference in Washington Monday, when Chief Technical Officer J.B. Straubel said the Model 3 would be two separate models.
Per Straubel, not only would there be a sedan to take home, but a crossover Model 3, as well, Wall Street Journal reports, complimenting the Model S and upcoming X at the entry-level starting price of $35,000. Both models are due in 2017, and will give owners 200 miles to enjoy the silence with every charge. No other details were given at this time.
Meanwhile, Straubel says Tesla is working on new models set to come after the Model 3 — no details were given here, either — and reiterated CEO Elon Musk's statement of selling 500,000 units annually by 2020, adding there would be 1 million Teslas on the road around the world by then, as well.
The announcement comes on the heels of the automaker receiving a secured revolving credit line of up to $750 million in an agreement with Bank of America, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan Chase, Morgan Stanley and Wells Fargo. The line of credit is meant to give Tesla some breathing space as it prepares to launch the long-awaited Model X, expected to hit showrooms this fall barring (yet) another delay.
[Photo credit: Tesla/Facebook]
The post Straubel: Tesla Model 3 Hitting Showrooms In Sedan, Crossover Variants appeared first on The Truth About Cars.
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