Tesla Motors (TSLA) has confirmed that the Model 3 .
While the car is named the Model 3, it will actually be Tesla’s fourth car. It will come out after the Model X and is reported to cost $35,000. This is half the price of the company’s Model S, reports Forbes.
Tesla hasn’t said a whole lot about the Model 3 other than the fact that it will be released. The company only confirmed a report made by Auto Express via Twitter (TWTR
). The report also claims that the car will be a rival to the BMW 3 Series, Forbes notes.
“We were going to call it model E for a while and then Ford sued us saying it wanted to use the Model E — I thought this is crazy, Ford’s trying to kill sex! So we’ll have to think of another name,” Elon Musk, CEO and FOunder of TEsla, told . “The new model is going to be called Model III, we’ll have three bars to represent it and it’ll be S III X!”
