Tesla's Model 3 will actually be two different cars
(Yes, you could count the Roadster, but, that wasn't fully an in-house Tesla product).)
We haven't yet seen any designs for the Model 3, which is expected to push Tesla over the top and enable the company to make good on the growth projections suggested by its $32-billion market cap.
We got a little more insight on Monday about that the Model 3 will actually be.
Car news magazine reports that at a conference in Washington, "Tesla Motors Chief Technical Officer JB Straubel revealed that the electric automaker wants the Model 3 to be a family of vehicles, with both sedan and crossover variants."
So there you have it. The Model 3 won't be just one car - it will be two!
This makes a lot of sense, given that a few years ago, it would have made sense to sell the Model 3 as a small sedan - but the world has changed and now consumers are demanding small crossovers, a segment that has been booming. Tesla is just making sure that it doesn't paint itself into any future corners with what will be its most important vehicle.
Tesla shares closed up slightly on Monday, at $250.
NOW WATCH: How your shopping habits are tracked
- US-China tariff war could benefit several sectors in India while harming a few others
- Amid heatwave, Delhi's power demand soars to May's highest ever at 7,572 MW
- 84% of Indian small businesses anticipate robust growth in 2024: CPA Australia survey
- Go Digit IPO allotment – How to check allotment, GMP, listing date and more
- 10 breathtaking valleys to visit in India in 2024
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market