Less expensive fourth-generation Tesla to follow Model 3, Musk says

PanARMENIAN.Net - While in Norway last week to attend the Future of Transportation conference in Oslo, Tesla CEO Elon Musk met with Norwegian minister of transportation and communications Ketil Solvik-Olsen. He created a stir at the conference when he suggested that he is thinking about a new kind of self-driving urban transportation vehicle that would be like a bus but would provide the kind of point-to-point service a typical city bus cannot, TeslaRati says.

During that same sit-down, Musk would later reveal that Tesla will have a fourth-generation electric car following the Model 3 that will be smaller and less expensive. Musk goes on to say, “Now with the Model 3, our third-generation, with much higher economies of scale we’ve got the Gigafactory and much higher volume production line”.

Musk reveals: “I’m super excited about being able to produce a car that most people can afford. And there will be future cars that are even more affordable down the road, but, with something like the Model 3, it’s designed such that roughly half the people will be able to afford the car. Then, with fourth generation and smaller cars, we’ll ultimately be in the position where everyone will be able to afford the car.” Musk did not offer any further details.