Tesla CEO Elon Musk Teases Unveiling Of 'The D;' New Models Next Week?

By CHICAGO (CBS) -- The CEO of Tesla Motors, Elon Musk, is up to something, but exactly what?

Musk sent out an enticing, if cryptic, tweet that said:

Is "the D" a new, "budget" model for the all-electric car maker? Maybe/maybe not.

The "something else" is anybody's guess.

Tesla followers will find out next Thursday

The picture offers a glimpse of the front end, but what is behind the door is generating plenty of speculation.

So much, that the company's stock got a big boost at the market open on Thursday, trading has high as $252 a share.

While Tesla has generated a lot of excitement, the car is way out of the mainstream in terms of price.

The cost of a Model S, for example, ranges from $70,000 to $90,000, depending on the options. A lease from the Chicago dealerships would run nearly $1,000/month.

One thing is clear, Tesla isn't building its $5 billion battery factory in Nevada to supply a small number of high-end cars.

The company has previously said it is working on a Model 3 that would retail for around $35,000 with a range of 200 miles on a single charge.

Tesla executives have also been seeking financing to build a series of stations across the county that would allow owners to quickly swap out a battery or plug-in and recharge.

Originally, Musk wanted to have a Model E to go between the S and the X--the company's SUV model. Get it?

However Ford threatened to sue, claiming it had the trademark for its E-Series of trucks.

Read more
f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.