Tesla to launch $35K Model 3 in 2017, targets BMW 3 Series
July 16, 2014 at 14:44 PM EDT
Ananth Baliga PALO ALTO, Calif., July 16 (UPI) -- Tesla CEO Elon Musk confirmed a media report that the company's next car will be based on the Model X SUV and will be called the Model 3, selling for $35,000.