Elon Musk hints at model even cheaper than the Tesla Model 3

With almost 400,000 reservations made for the Model 3 and a delivery date at least 2 years away, you would think Tesla is working hard at getting their latest venture on its way. Apparently not.

In an interview with the Norwegian Minister of Transport, Elon Musk hinted that an even more affordable vehicle may be in the works. He stated the Model 3 was “designed such that roughly half of [the] people will be able to afford the car, then, with fourth generation and smaller cars and whatnot, we’ll ultimately be in the position where everyone will be able to afford the car.”

“I’m super excited about being able to produce a car that most people can afford,” Musk said. “And there will be future cars that are even more affordable down the road.”

A Model 3 successor may not be the only project in the works. Earlier this year, Elon briefly mentioned the possibility of an electric truck and SUV.

“I think it is quite likely we will do a truck in the future,” Musk said. “I think it’s sort of a logical thing for us to do in the future.”

Everything is still very speculative. However, one thing is for sure, if a more affordable vehicle is in the works, it will have to be cheaper than the US$35,000 asking price of the Model 3.