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Tesla 3 Series-fighter to be named Model III

Tesla really is a unique automaker. Usually when a new model is confirmed, there are big press announcements touting a company's latest, greatest vehicle and everything it can do for consumers. Elon Musk's electric car company likes to do things a little differently, though. Instead, the CEO gave an interview about its long-awaited entry-level offering, the Model III, to the UK's Auto Express and confirmed the story on its Facebook page.
Post by Tesla Motors.
Corporate statements doesn't get much simpler and to the point that that. The smaller, cheaper Model III will be aimed against compact premium sedans like the BMW 3 Series and will be unveiled in 2016 before actually going on sale in 2017. According to Musk, the new vehicle will offer a 200-mile range and will carry a price tag of around $35,000.

Watch a young Elon Musk take delivery of his McLaren F1

Years before Elon Musk was launching rockets into space or trying to revolutionize the auto business with Tesla, he was just another Silicon Valley geek, albeit already a very successful one. This vintage video catches Musk in 1999 celebrating some of that triumph, as he takes delivery of none other than a McLaren F1. As the million-dollar supercar is lowered from the transporter Musk intones, "It is the moment of my life." We also get a snapshot of an interesting time in Musk's life. According to the clip, he had already sold the company Zip2 for $400 million in cash and had started at the online banking business X. After a merger, it eventually became PayPal, and the entrepreneur later walked away from the website with another massive check. Watch this brief moment of happiness as Musk takes delivery of the McLaren, because by the end of the video, his focus already seemed to have turned to his next business venture. News Source: EveryElonMusk Video via YouTube, Car and Driver Auto News Green McLaren Tesla Car Buying Green Culture Coupe Performance Supercars Videos paypal

Tesla abandons 'Model E' trademark

Tesla Motors has famously said it will produce and sell a more affordable all-electric car to help further its goal of changing the gasoline-powered paradigm. While there are certain things we know about that vehicle already – it will come standard with a battery capable of a 200-mile range, cost about $35,000 and be around 20 percent smaller than the Model S – there are some things we don't know. For instance, what it will be called. The automaker seemed to be leaning towards "Model E" and had trademarked that name. CEO Elon Musk even referred to the future vehicle by that appellation during a relatively recent public appearance in Europe. If you had been looking forward to the prospect of driving something called a Tesla Model E, however, you may need to adjust your expectations. During a perusal of the California company's various trademarks, we noticed that this particular one has been abandoned. While this rather sadly destroys the possibility of someone ever stocking their garage with Tesla Models S, E, and X, we welcome the decision. Although it might seem a logical choice, as the word electric begins with "E", the letter just doesn't resonate particularly well. The move also raises the possibility of a different type of nomenclature altogether. For its part, Tesla has confirmed with us that it is "no longer pursuing the Model E trademark." Name-wise, we suspect there is a good chance one has already been decided on and that it will be revealed sometime before the cloth is pulled from the first prototype early next year. Still,if you think you have a good suggestion for them, please let us know in Comments.