Tesla designing smaller, cheaper sedan and crossover by 2017

Newswire

DETROIT, May 30 (Reuters) - Tesla Motors Inc is working on a compact sedan and crossover that could reach dealers "in the next three to four years," Chief Executive Officer Elon Musk said Thursday. The new models will be smaller and less expensive than Tesla's Model S sedan, which went on sale last summer, and the upcoming Model X crossover that's due in 2014, he said.

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