Tesla Motors CEO Elon Musk announced that the company will sell five different models by 2016. Joining the current lineup will be a smaller crossover and a new sports car to succeed the discontinued Tesla Roadster.

The Model X seven-passenger crossover, which features innovative, dual-hinged gullwing doors and the same platform as the Model S sedan, will go on sale as early as next year.

An entry-level hatchback sedan is also planned for 2015. Musk told Wired magazine that it will compete with the BMW 3 Series, Audi A4 and Mercedes-Benz C-Class. At around $30,000, this car will sell at half the price of a Model S.

As for the Roadster replacement, which won’t be based on the Lotus Elise, the CEO is promising “supercar performance, but not supercar pricing.”

Source: wired.com

2013 Tesla Model X rear 3/4 view
Photo: Tesla

By Auto123.com