An anonymous reader writes The biggest complaint about Tesla Motors’ electric vehicles is that they’re far too expensive for the average motorist. The Roadster sold for $109, 000, and the Model S for $70, 000. Chris Porritt, the company’s VP of engineering, says their next model will aim for much broader availability. The compact Model E aims to be competitive with the Audi A4 and BMW 3-series, which both start in the low $30, 000 range. To reduce cost, the Model E won’t be built mostly with aluminum, like the Model S, and it will be roughly 20% smaller as well. The construction of the “Gigafactory” for battery production will also go a long way toward reducing the price. Their goal for launch is sometime around late 2016 or early 2017 Read more of this story at Slashdot.
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Tesla Aims For $30,000 Price, 2017 Launch For Model E