Tesla’s Future Product Lineup to Include Just-Announced Compact SUV

JUN 4 2013 BY ERIC LOVEDAY 21

Tesla Model X is Full-Size SUV / Crossover...But a Compact SUV is Coming From Tesla Too

Tesla Model X is Full-Size SUV / Crossover…But a Compact SUV is Coming From Tesla Too

 

If you had listened closely during that CNBC interview with Tesla CEO Elon Musk, then you might of caught a mention of a vehicle coming from Tesla that we’ve not yet heard spoken of before.

Think Model X But Smaller and Cheaper

Think Model X But Smaller and Cheaper…That’s What to Expect of the Upcoming Compact SUV

What’s this additional model?

Well, there’s the Roadster, Model S, Model X, next-gen cheaper sedan (codename: Bluestar), next-gen Roadster, possibly an electric truck and now even a compact electric SUV.

Here’s what Musk actually had to say:

“In about three to four years, that’s when we aspire to bring into production a sedan that’s about half the price of the Model S, and then shortly thereafter a small SUV as well.  These should be quite affordable. The price would be on the order of $35,000.”

So, there it is.  Tesla’s lineup, at least according to Elon Musk, is set to expand quickly and will move down the price scale soon.

Of course, we know nothing else of this compact electric SUV at this time, but most all of Musk’s statements come true, so expect this compact SUV to come at some point in the future.

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21 Comments on "Tesla’s Future Product Lineup to Include Just-Announced Compact SUV"

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Brian

Musk’s predictions have mostly come true, excepting timing and price. Price seems to always be higher than he expects. Timing seems to go both ways – 3-4 years is a delay from his original plan (in 2006, didn’t he predict it would be here by now?), but the supercharger roll out has been faster than most expected.

I’m going to go out on a limb, though, and hope that Musk has learned a lot about this industry since 2006. I’m fairly confident these two models will come out “back-to-back” (ish) much like the S/X pair.

Jay Cole

I think the unexpected (at least from a year ago’s prospective) raising of a billion dollars from the run up in their market cap will make a lot of these plans a lot more solid than they were previously.

Past getting the Model S out, the next plans have to be leveraging that platform (Model X, Model ?) for more profits, then doing the same thing on a new mid-size glider.

Brian

Excellent points, as usual. I agree Tesla should be leveraging the full-sized platform. I am keeping my eye on the mid-sized, though. Like many others, the full-size cars are too rich for my blood, but the mid-size looks to be within reach.

Aaron

The Model E, right between the Model S and Model X?

Tom Moloughney

I agree with Brian’s comment on pricing. “The price would be on the order of $35,000.” will probably mean close to $50,000. Tesla always quotes price after the $7,500 tax credit so that pushes it up to $42-43K then add a couple thousand for prep and delivery and a few more for inflation adjustment (the reason he gave for increasing the cost of the Model S a few months back).

After all a few years back Tesla was saying the Model S wold be sold for as little as $50,000(effectively). How many people do you think actually go to buy one for $50,000?

I suspect Bluestar pricing to begin at around $48,000, and be nicely equipped for $55,000 or so. Still, that would probably be the best deal going in 2017 for a 200+ mile EV. It can’t come soon enough.

George Bower

In the meantime there’s i3 w/ RE. I wish we would get more news on that!!

Tom Moloughney

Yeah I hear you George. BMW has a very strict timeline for i3 information releases though. We do know the production i3 will be revealed in early September at the Frankfurt Motor Show so at most we have three months to speculate.

Anderlan

Since the LEAF is $35k for the SL *before* incentives, you can be 100% certain that Musk’s $35k means *after* incentives. Put your expectations on a car *starting* at $42k.

Anderlan

Suffice it to say we are 10 or more years away from Tesla making an economy car 🙂 WRT marketing, they’d almost have to create a new sub-brand.

Anderlan

Which doesn’t mean there won’t be a lot of electro-econo-boxes from other folks buzzing around by then 🙂

IDK

Hmmm…the real question is will the $7500 tax credit be around in the year 2017? I think Musk knows it may be gone. I believe the price may be before the tax credit…if there is one at that time.

evnow

No way. That $35k is after tax credit – why would Musk assume it will be gone ? If they wanted to price it at $35k before credits, he would quote a figure of $28k.

If the tax credit does go away, they would probably price the car starting just below $40k.

IDK

“If the tax credit does go away, they would probably price the car starting just below $40k.”

Thats my point 🙂

Josh Bryant

This compact SUV was first stated in the 2012 shareholder meeting slides last summer. Musk had never verbally announced it to the public until now.

I think the next model on the S platform will be the truck. The smaller gen 3 platform will be the new Roadster, “Model C”, and this compact SUV. That would give them excellent market coverage if they were priced from $35k – $110k, all with range of 200+. But as stated above, there is likely some fuzzy Tesla math in those prices.

evnow

How many of you ready statements of $50k and 300 miles for Model S ?

So, here is my take, all prices after tax credit – let us call it Model E.

E 40 kWh 140 miles $35k
E 50 kWh 175 miles $42k
E 60 kWh 210 miles $50k

S 60 kWh 210 miles $60k
S 85 kWh 300 miles $70k

X 60 kWh 200 miles $65k
X 85 kWh 285 miles $75k

Brian

When removing the 40kWh option from the Model S, Musk publicly stated that any car with <200 mile range is against the spirit of Tesla. I expect the base "model E" to have a 200 mile range, using the same measure as the 85kWh Model S = 300 miles.

I also expect the "E" to be more efficient – 60kWh should probably have more range than the S.

So I would modify it (prices after $7500 credit):
E 50kWh 200 miles $42k
E 60kWh 240 miles $50k

James

I say the current S skateboard does seem mega configurable.
To downsize it doesn’t seem as time consuming as say building
a completely new ICE platform. Everything is so straight-forward.
Basically, it’s just downsizing the S. The big hump is energy density.
Smaller packs with similar range to today’s big boy. The simplicity
of Tesla’s system IMO means it’ll be easier and faster to replicate.

Trucks are definately the #1 North American seller, but current
body-on-frame trucks see so easily convertible to having batteries
and electronics inside the frame rails. Been reading about new
and cheaper Alcoa aluminum body manufacturing processes
that’ll be much cheaper to produce than today. When you factor
in the savings in gas – the cost equals out to pressed steel.

Trucks are a juicy carrot and I’m sure Elon would love to stick it
to Texas by building the world’s best – but sticking with sedans
and CUVs seems the way forward that’ll make Tesla a lasting
power in autodom.

One thing is for certain – less than 1/2 of the Fremont factory’s
floor space is being utilized, there’s plenty of floor space for
expansion and hiring many new workers.

Now only if Elon can buy VIA Motors………. Surely this will
not happen as Elon is EV-only all the way.

Bill Howland

Ok hold your horses guys… Tesla was late to the party with all their vehicles to date, and the model X isn’t even sold as of yet……. So let’s see how they handle the X (a bit complicated since here we have both 2 and 4wd models) \..

I would appreciate these statements more if they only looked 1 generation ahead. They’ve been wrong on the ultimate price and delivery time of eveything so far.

I realize these feel good pr statements keep the stock price in the stratosphere , but I’m looking for what they are really going to deliver, when , and at what ultimate price.

Priusmaniac

A luxury Model S sedan, a luxury model X SUV, a compact SUV, that is all good and well but when is THE car of everybody coming otherwise, this starts to be pointless happy few stuff only. That’s won’t change addiction to oil, it won’t change the climate change and it doesn’t make a difference in the end. What is needed is a 100 miles EV with or without a rex that most people can afford that has a normal Camry size (not the small size of a Leaf or BMW i3) and that comes on the market, now if not yesterday.

Jay Cole

Really then all we need is for Nissan to cram in 8 more kWh to bring the LEAF up to 100 miles under that scenario. The LEAF is actually pretty much Camry-sized now (width and height), and larger if you go by interior cargo room (LEAF leads the mid-size class at 24 cu ft of that)

Dimension Camry LEAF

Width (mm) 1 820 1 770
Height (mm) 1 470 1 550
Wheelbase (mm) 2 775 2 700

I am with you on the sentiment though. Personally, I would like to see the range/sweet spot at a usable/reliable 100 miles on a BEV (so 130 miles EPA rated), and an available 100 miles on a extended range option.

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