Tesla Model 3

Tesla founder and CEO Elon Musk has revealed plans for a new electric BMW 3 Series rival, including its name - Tesla Model 3. There were rumours that a new smaller Tesla Gen III model was to be called Model E, but in one of his most candid interviews yet, Musk revealed why he had to have a rethink on the name.

Gizmodo thinks this model will be a game changer. Why? For starters: it's a consumer model, priced at $35,000 (a third the price of previous models), and the range is double previous models at 200 miles. Lastly, now that they're opening up the battery tech there is an overt effort to make sure you can charge one of these things anywhere, anytime. Check out the Gizmodo article for some breathless comparisons to Henry Ford's Model T. But it does look like getting a Tesla is about to become a much more obvious option for the casual consumer.