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Model 3 to join Tesla's all-electric stable in 2017

• gizmag.com
 Although we have only been able to confirm a 2017 release date with Tesla, the company's CEO Elon Musk has been quoted as saying that the Tesla Model 3 will be based on a new platform and retail for around US$35,000.

Talking to the UK's Auto Express, Musk didn't reveal performance details, but expects the car to have a range of over 200 miles (320 km) with performance similar to the Model S.

The car will have its sights set on BMW's 3 or 4 series, and given the success of the S, chances are the new addition will be more than capable at stealing market share from vehicles in the $30,000 - $50,000 range.

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