By William Maley
Staff Writer - CheersandGears.com
May 28, 2013
Tesla's CEO Elon Musk is very keen on building a electric vehicle that is cheaper than the Model S and doesn't have many of the drawbacks like the Nissan Leaf.
“With the Model S, you have a compelling car that’s too expensive for most people,” he said. “And you have the Leaf, which is cheap, but it’s not great. What the world really needs is a great, affordable electric car. I’m not going to let anything go, no matter what people offer, until I complete that mission,” said Musk during a interview.
The new vehicle will have a pricetag under $40,000, have a range of 200 miles, and come out within the next three to four years.