UPDATE 1-Tesla targets broader audience with electric sedan


* Sedan production to start in Q3 2011 * Price $49,900 for 160 mile range, including tax credit * Annual production planned at 20,000 vehicles (Adds details on plans for production volume, timing, pricing and background) By Nichola Groom HAWTHORNE, Calif., March 26 (Reuters) - Electric car start-up Tesla Motors Inc unveiled its newest, lowest-cost vehicle on Thursday, a family sedan the company says will be the first highway-ready electric vehicle accessible to most car buyers. ...

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