Tesla promises sub-$30,000 electric car within 4 years

Alright – let’s go back-to-back Tesla here. Just right now we told you that Tesla Motors has confirmed plans to build an electric-sedan dubbed the Tesla Model S. Pricing expected to be around $60,000, which is much cheaper than the $109,000 Tesla Roadster.

Nonetheless, that may still be a little steep for those looking to go electric. According to Elon Musk, Chairman of Tesla Motors (not to mention co-founder of PayPal)Β the company is working on its development of electric-car technology that should allow it to offer future models under $30,000.

The announcement came right after the confirmation of the Tesla Model S. We can also confirm thatΒ Henry Fisker is now standing in his office with his jaw dropped.

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Source: engadget