Musk Says Fourth Tesla Vehicle to Be Small, Electric SUV
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Tesla Motors Inc., which has almost tripled in market value this year, plans to expand its line of electric vehicles to at least four with a compact sport-utility vehicle, Chief Executive Officer Elon Musk said.
After expanding production and deliveries of its $69,900 Model S sedan this year and adding the battery-powered Model X SUV in late 2014, the carmaker will begin adding lower-priced vehicles, Musk said in a CNBC interview today.