But Musk is hoping that Tesla will one day have a car for the masses. The upcoming Model III, which is tentatively due to be released in 2017, is expected to have a price tag closer to $35,000.
If oil prices remain low for years, then the Model III may not be as compelling a purchase to consumers as a traditional gas guzzler .
Took my Chevy to the charging station. The Model III may also face tough competition from GM (GM), which unveiled plans at the Detroit Auto Show for a new all-electric concept car called the Bolt.
–
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.
Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
