Tesla Models 'S' And 'X' Won't Be Joined By A Model 'E'

Tesla pulled a trademark for its Model E design.

The move was first spotted by Jalopnik on Monday night.

The Model E was supposed to be the company's third ground-up design after the models S and X - which, if you put all those letters together...

The model E was expected to cost about half of a model S.

Tesla has not yet responded to an emailed request for comment.

Shares are down more than 1% Tuesday.