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Tesla has a brand new electric vehicle ready for China. It is more compact and one-third cheaper than Model 3

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According to a source with reference to the authoritative Chinese publication Sina, Tesla has a third car ready for the local market. It was approved back in September last year, internal tests should be completed by March this year.

At the moment, Model 3 and Model Y are being produced in China at a Shanghai plant, the new model will join them. And there will be no difficulties in this, because the novelty is built on the Model 3 platform and, moreover, has the same body type – a hatchback. However, the new electric car will be more compact than Model 3 and will be about a third cheaper: according to preliminary data, the cost starts at $ 24,750. Interestingly, Elon Musk used to talk about a compact hatchback for Europe. It is possible that the production of the model will first begin in China, and then the European version will be released – with the same units, but different body panels. Still, the Europeans and the Chinese still have different ideas about what kind of design a car should have.

It is expected that mass production of new items will start next year, and then the first customers will receive these cars. Considering the magic of the brand and the rather low price, there can be huge queues for this model.

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