Tesla CEO Announces Plans for More Affordable Electric Car

Tesla CEO Announces Plans for More Affordable Electric Car

Tesla Motors has made some serious progress in proving electric cars can be cool. The only problem: They haven't done it cheap. In 2016 that will finally change. Tesla CEO Elon Musk announced during an annual shareholder last night that the company will put out a less expensive electric car in 2016. The sedan, known as a Blue Star, will be priced at $30,000-40,000. Currently Tesla's cheapest vehicle is the Model S, starting at $69,900. 

Details are scarce since this is an early, early announcement. We'll keep you up to date as more information is released. 

Related: Tesla CEO Elon Musk Has Promised an Affordable Electric Car

Related: Elon Musk Is Ready To Talk About His Super-Secret Hyperloop 

[via the Car Connection

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