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Musk sticking to plan for 'affordable' Tesla model

By now, we've all heard that Tesla has repaid its loan from the US Department of Energy - nine years ahead of schedule - and the Model S is selling well enough to put at least a little fear into Audi, but what's next? Well there's the Model X crossover slated for late next year, but it's the long-promised, frequently mentioned "affordable Tesla" that could really help cement the automaker in the automotive industry record books.
According to Bloomberg, CEO Elon Musk talked more about the new baby Tesla recently, saying that the car should come to market by 2017 at the latest. In terms of details, Musk says it will be priced below $40,000 with a range of about 200 miles. Taking a swipe at the would-be competition, he also added that it will be nicer than a Nissan Leaf. Given the recent Tesla-related PR blunders from Audi and Chrysler recently, we hope Nissan won't vent its displeasure at that statement.

Daimler divests remaining interest in Tesla

Back in 2009, Daimler acquired over 9 percent of Tesla. A couple of months later, it sold 40 percent of that stake to Abu Dhabi-based Aabar Investments. The following year, Tesla listed on the stock exchange and Daimler's interest was reduced to 4 percent. But now the German industrial giant has announced it is selling that 4 percent and divesting from Tesla altogether in a liquidation that is expected to raise approximately $780 million for Daimler. The divestment has also triggered speculation that the move could make room for rival German automaker BMW to take an interest in Tesla.
Despite the divestment, Daimler insists that its technological partnership with Tesla will remain unaffected. Mercedes sources the batteries for its B-Class Electric Drive (pictured above) from the Californian outfit in a deal that is not set to change as a result of the financial realignment. A similar collaboration was in place for the Smart Fortwo Electric Drive, however, now that the new generation of Smarts developed with Renault is on its way, it's possible that a next-generation Fortwo ED will use French tech instead as an extension of the partnership between Daimler and Renault-Nissan.
Daimler has also taken the occasion to point out that, between the Mercedes, Smart and various truck brands, it offers "the industry's biggest portfolio of electric vehicles," including pure EVs, fuel cells and hybrids. The automaker says it will introduce ten new plug-in hybrid Mercedes models by 2017.

Elon Musk: Tesla Model E will be 20 percent smaller than Model S [w/video]

Somewhere between a Lexus CT 200h and an Acura ILX. But a little quieter and definitely bigger than a breadbox. That's the best comparison we could come up with when trying to get an idea of how big Tesla's more moderately priced sedan will be when it hits the market sometime around 2016. Tesla Motors chief Elon Musk, speaking to the California Public Utilities Commission recently, estimated that the Model E will be about 80 percent the size of the Model S sedan. You can see the video of this below. Now we're not sure exactly what that means, but we can practice a little geometry with the Model S's 196-inch length and 77-inch width and have some fun with the possibilities. And a quick perusal of sports sedans will reveal that the Model E's footprint will be a little bigger than the Lexus in question and slightly more petite than the ILX. Either way, Musk's estimate rounds out the equation of sorts for the Model E, even though he doesn't use that name in the video below. The car will have a minimum 200-mile range, Musk said (perhaps from a 48-kWh pack?) at about half the cost. And with 80 percent of the size. As for when we'll start seeing sales of the Model E, which is supposed to start at $35,000, that deadline has migrated over the years from as late as 2017 to as early as next year and then back to 2016. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.