Details of the more affordable Tesla revealed


Elon Musk's new electric car is due out in 2016 will be named Tesla Model 3, according to an exclusive by Auto Express.


Confirmed: Our Gen III car, due out after Model X, will be named Model 3. http://t.co/PLhUzycSlp http://ift.tt/1p4UvdS


- Tesla Motors (@TeslaMotors) July 16, 2014


The new car will be about 20% smaller than the current Model S and sell for about $35,000. Tesla is launching an SUV for sale in 2015 named the Model X. The Model S is . Musk explains why the company opted for a numbering classification for its new car:


'We had the model S for sedan and X for crossover SUV, then a friend asked what we were going to call the third car,' Musk told us. 'So I said we had the model S and X, we might as well have the E.


'We were going to call it model E for a while and then Ford sued us saying it wanted to use the Model E - I thought this is crazy, Ford's trying to kill sex! So we'll have to think of another name.


'The new model is going to be called Model 3, we'll have three bars to represent it and it'll be S III X!'


The car will be launched in 2016 and will be available in 2017.


The article confusingly uses pictures of the current Model S in its story and some mock ups. No pictures of the Model 3 are available.


FYI, the Model 3 images used by @AutoExpress were mock-ups based on their own speculation.


- Tesla Motors (@TeslaMotors) July 16, 2014


Hattanas Kumchai / Shutterstock.com


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