Tesla Motors Inc (TSLA) News: $30,000 Car Update, Mercedes-Benz & More

Has Elon Musk Finally Gone Too Far? (DailyFinance)
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk had plenty of interesting things to say this week. He wowed Tesla owners by announcing that the company was tripling the number of Supercharger stations, offering drivers free Tesla battery charging options in more locations. He also teased that more details would be forthcoming on his “hyperloop” project that would help transport people faster and cheaper than bullet trains or planes. However, the one comment that truly turned heads was Musk’s forecast — at both the AllThingsD conference and later on CNBC — that Tesla Motors Inc (NASDAQ:TSLA) will put out a sedan in three to four years that costs half as much as today’s Model S.

Tesla set to introduce $30k electric car for the rest of us (iTechPost)
Tesla Motors Inc (NASDAQ:TSLA), the electric car wing of Elon Musks’s empire, has announced that they’re planning to introduce two affordable sedan that is expected to compete with the Audi A4 and BMW 3 Series. The car, tentatively named Gen 3 is scheduled to be released in three to four years, and will allegedly cost around $30,000. That’s a much more affordable price than Tesla Motors Inc (NASDAQ:TSLA)’s popular Model S sedan, which comes in at $60,000, even after a $7,500 federal tax credit. Creating an affordable electric vehicle will go a long way to boost the adoption of the electric vehicles among middle class consumers.