Tesla has revealed its newest vehicle will be the Model 3, 20% smaller than the Model S, and built specifically to compete with BMW’s 3 series.
The Model 3 will be unveiled in 2016 and is capable of going over 200 miles on a single charge.
Elon Musk had this to say on why Tesla went with the name Model 3 over Model E:
“We were going to call it model E for a while and then Ford sued us saying it wanted to use the Model E — I thought this is crazy, Ford’s trying to kill sex! So we’ll have to think of another name,” Musk said. “The new model is going to be called Model III, we’ll have three bars to represent it and it’ll be S III X!”