Tesla CEO and founder Elon Musk recently revealed that the company was closer to producing the first mass-market electric car than the first ones ever produced by Ford and General Motors, according to a report from Bloomberg.
The news comes just a few weeks after Tesla said it was close to beginning mass production of its Model S sedan.
Musk said the company’s first mass production car would be “a much smaller vehicle, a car that is a little bit smaller than a Volkswagen Beetle.”
He also said Tesla would not be selling electric versions of its vehicles until after the end of 2020.
“In terms of the next six months, I think we’re on the same page,” Musk said during a conference call with analysts earlier this month.
Musk, who recently took over the helm of Tesla, also said that Tesla is planning to release a “much more significant update” to its Model 3 sedan later this year.”
But we have to see what happens next year, and then I’ll have a better sense of how close we’re to that.”
Musk, who recently took over the helm of Tesla, also said that Tesla is planning to release a “much more significant update” to its Model 3 sedan later this year.