UPDATE 1-Tesla readies smaller, cheaper crossover, sedan by 2017

Newswire

By Paul Lienert DETROIT, May 30 (Reuters) - Tesla Motors Inc is working on a small crossover vehicle that will share its basic underpinnings with a new compact sedan that is expected to 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 $70,000 Model S sedan, which went on sale last summer, and the upcoming Model X crossover that's due in ...

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