It’s official, Tesla Motors has registered one of their first ever financially successful quarters. Betting on their popularity and perhaps, on the fact that humankind is becoming more concerned with environmental issues, Tesla has announced the third generation of automobiles. Don’t get your panties in a bunch just yet, as the Tesla‘s Blue Star will be most likely available for sale in 2016 or 2017. The announcement was made by Elon Musk at the company’s annual shareholder meeting this year.
During the same meeting, Tesla’s CEO made a daring statement and implied that the third generation will be available in a smaller size, quite significantly compared to their current S model. Moreover, the new automobile will cost half of the price of the current models. But these were the only two details revealed about the new platform and were simply mentioned during a PowerPoint slide. Oddly enough, Elon Musk didn’t engage in his usual showboating that auto fans got so accustomed to over the years.
More information about the new Tesla car was revealed during a Bloomberg interview that took place two weeks before the annual company meeting. There, Musk suggested that the 3rd gen Tesla will come with a sticker price of less than $40,000, which is a biggie, considering that Model S is sold for $57,500. Moreover, the Blue Star will compete directly against BMW’s 3 series – not the luxurious Nissan Leaf as initially anticipated – and will have 200-miles autonomy.
As previously mentioned, Tesla has registered a very-profitable quarter this year and the company is currently hovering over $100 million. Add the fact that the company has also finished paying the $465 million federal loan taken 9 years earlier and you can easily understand why you can’t contradict Must at this point. In fact, it is safe to state that even if the third generation Tesla turns out to be a failure and they hire the worst financial experts to handle their cash, they would still be able to land on their feet.
It’s no secret to anyone that it had been Musk’s long lasting dream to design and manufacture a considerably less-expensive electric vehicle. However, the lack of money was always a strong argument against this practice. However, thanks to his great manager skills he did get the necessary funding after the release of the Model S and the Roadster.
Despite the fact that the company is rolling in cash, the truth is that their approach is still cautious. Simply put, a few days ago the company announced their plan to expand the free charging stations all across the US in the next few years. In fact, they even claimed they are able to triple the number of their current stations by the end of June. In addition, Musk also declared that they are currently working on a new charging system that will cut the recharging time in half. Still, he didn’t mention whether the company is able to sell EVs all across the United States yet.