Tesla readies smaller, cheaper crossover, sedan by 2017

Tesla Motors is working on a small crossover vehicle that will share its basic underpinnings with a new compact sedan that is expected to reach dealers “in the next three to four years,” chief executive Elon Musk said.

The new models will be smaller and less expensive than Tesla’s US$70,000 (HK$543,450) Model S sedan, which went on sale last summer, and the upcoming Model X crossover that’s due next year, he said.

via Business feed http://www.scmp.com/business/companies/article/1250433/tesla-readies-smaller-cheaper-crossover-sedan-2017