Tesla Motors Inc (TSLA) announces new vehicle will be called Model 3

Posted Jul 17, 2014

Tesla Motors Inc (NASDAQ:TSLA) has announced that its new vehicle will be called the Model 3. This will be Tesla’s fourth vehicle after the Roadster, the Model S, and the still-in-production Model X SUV. Tesla Motors CEO Elon Musk participated in an interview with AutoExpress, where he revealed the name. The Model 3 is expected to arrive in 2017.

Elon Musk said that he was interested in naming the car Model E, but they received a trademark infringement lawsuit threat from Ford if that name was selected.

?We had the model S for sedan and X for crossover SUV, then a friend asked what we were going to call the third car,? said Musk in an interview with AutoExpress. ?So I said we had the model S and X, we might as well have the E.

?We were going to call it model E for a while and then Ford sued us saying it wanted to use the Model E ? I thought this is crazy, Ford?s trying to kill sex! So we?ll have to think of another name,” added Musk in the interview. ?The new model is going to be called Model 3, we?ll have three bars to represent it and it?ll be S III X!?

Musk said that the original Roadster will be given a modern battery that will give it the capability to drive 400 miles on a single charge too. This will let drivers go from LA to San Francisco non-stop.