One of those cars will be a small sedan, likely called Model E. Musk previously said the car would compete against the BMW 3-Series in the lucrative small luxury segment, and would have a starting price of less than $40,000. A crossover based on the same platform is also possible, as is a a new sports car to succeed Tesla's first production model, the Roadster. However, both won't see showrooms for some time, if they get built at at all.
In the interim, Tesla will launch the Model X crossover later this year, and continue to update the Model S, possibly adding an all-wheel-drive option at some future date.
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