Tesla has confirmed that it's coming out with a new mass-market all-electric car called the Model 3. This vehicle will reportedly be a smaller, sportier version of its Auto Express.-- a bit like the BMW 3 Series, according to
While Tesla made the news of the Model 3 official with a tweet to its followers and a confirmation to CNET, the car won't come onto the market for at least another couple of years. The company intends to complete its plans on bringing its to customers first.
"We can confirm that the next vehicle Tesla will produce after Model X will be a mass-market electric car known as Model 3," a Tesla spokesperson told CNET. "We don't have any more details to share at this point. Our focus continues to be on Model S and preparing for the introduction of Model X."
Tesla introduced its Model S sedan in 2012 and has since. The company plans to release its Model X by the end of this year and the Model 3 should be unveiled sometime in 2016 with sales beginning in 2017. According to Auto Express, the Model 3 price is expected to be around $35,000.