Tesla Motors Inc (TSLA) Registers ‘Model E’ Trademark
Tesla Motors Inc (NASDAQ:TSLA) has registered the trademark “Model E.” This leads to speculation that the company’s anticipated low-cost electric car will launch with that name. The Tesla Motors Inc (NASDAQ:TSLA) flagship vehicle is the Model S electric sedan. Next year, the company is expected to start selling the Model X crossover vehicle. The trademark was filed on August 5th.
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk said that the low-cost vehicle should not be expected until 2016 at the earliest. The low-cost electric car will compete directly against the GM Volt with about a 200 mile range and a price tag of under $35,000.
After subsidies and grants, the Model E is expected to cost around $25,000.
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