Video: Tesla to launch $35K Model 3 in 2017

Tesla Motors confirmed Wednesday its next electric vehicle will roll off the assembly line in 2017.

Tesla took to Twitter to confirm the vehicle's name, the Model 3. Then, speaking to Auto Express directly, CEO Elon Musk claimed the upcoming model will directly rival BMW's 3 Series.

When compared to its full-sized brother, the Model S, the new 3 is reportedly 20 percent smaller and sells for half the cost at $35,000. Its range is slightly shorter than the Model S at 200 miles on a single charge compared to the S's 300.

Find out more with this Newsy video. 


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