Things are going very well at the Tesla headquarters now that the company did an early repayment for its loan from the U.S. Energy Department. In fact they are going so well that Tesla CEO Elon Musk is already considering a new model for the next three or four years.
The model will be offered as an entry-level version for Tesla’s lineup and according to the first details it will be "less expensive than the Model S and nicer than Nissan’s electric-powered Leaf."
Musk said that 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."
As the current Models S is too expensive for most people, new model will be priced below $40k and will deliver a range of about 200 miles.
Note: Current Tesla Model S pictured here.
Click past the jump to read more about the current Tesla Model S.