Tesla will launch a new entry-level model within four years, CEO Elon Musk has said.
Musk hinted that the new car will be a rival to the Nissan Leaf. It will have a range of around 200 miles and will cost less than £26,500.
The new model is top priority for Tesla, with Musk saying he won’t consider selling Tesla or leaving the company until the car is built.
Musk added that he believes Tesla’s Model S is compelling but too expensive for the company to achieve mainstream growth.
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