Video: Elon Musk talks about a mass-market EV as Tesla stock smashes the century mark

Telsa CEO gave a pithy interview to Bloomberg West, in which he discussed plans for a future mass-market model to follow the gull-winged Model X crossover.

 

Tesla stock (Nasdaq: TSLA) powered through a major psychological barrier this week, closing above $100 two days in a row. The shares have almost tripled this year, as the company has announced one triumph after another. The next installment is expected this week, when Tesla is expected to announce the expansion of its Supercharger network.

Meanwhile, CEO Elon Musk gave a pithy interview to Bloomberg West, in which he discussed upcoming deliveries to Europe and Asia, driverless technology, the possibility of a takeover (slight) and – most tantalizing of all – plans for a future mass-market model to follow the gull-winged Model X crossover.

The third-generation vehicle will be “half the price of Model S,” will have a range of about 200 miles, and will hit the market in “three to four years.”

“With the Model S, you have a compelling car that’s too expensive for most people,” said Musk. “And you have the LEAF, which is cheap, but it’s not great. What the world really needs is a great, affordable electric car. I’m not going to let anything go, no matter what people offer, until I complete that mission.”

 

Sources: Bloomberg, Detroit News, Tesla