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.
[via the Car Connection]