2017 Tesla Model III Targets BMW 3 Series | Edmunds.com
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2017 Tesla Model III Targets BMW 3 Series


Just the Facts:
  • Tesla Motors late Tuesday confirmed that the electric 2017 Tesla Model III, a car positioned to compete with the BMW 3 Series, is in the pipeline.
  • Word of the Model III, which will be based on the electric car company's third-generation platform, came via the Tesla Twitter account.
  • The Model III is expected to cost $35,000 or half the price of the current Tesla Model S.

PALO ALTO, California — Tesla Motors late Tuesday confirmed that the electric 2017 Tesla Model III, a car positioned to compete with the BMW 3 Series, is in the pipeline.

Word of the Model III, which will be based on the electric car company's third-generation platform, came via the Tesla Twitter account.

The Model III is expected to cost $35,000, or half the price of the current Tesla Model S.

Tesla Motors did not respond immediately to a query from Edmunds asking for more information about the Model III.

Tesla CEO Elon Musk told Auto Express in an exclusive story that the automaker is developing a new electric BMW 3 Series rival. The Tesla tweet linked to the Auto Express story.

Responding to rumors that the new Tesla would be called the Model E, Musk said he had to rethink the name after facing legal trouble from Ford Motor Co., which has the rights to the name.

"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 said. "So I said we had the Model S and X, we might as well have the E."

The Model III is expected to have a range of at least 200 miles on a single charge.

Edmunds says: Car shoppers will have a more affordable Tesla car to consider in a couple of years.

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