Hatch Model-3 May be a Cost Effective EV Option

While ordering a $35,000 Model 3 is technically possible, most Model 3s cost more and CEO Elon Musk appears set on the automaker building something more affordable. An Autocar report Tuesday suggests that the car will be a Model 3 hatchback.

During an investor and analyst call, Musk said Tesla "will not succeed" in its mission if it doesn't continue to build more affordable electric cars, and that it "bugs" him Teslas aren't more affordable. The CEO added, "it's reasonable to assume" the EV maker has something "compact" and more affordable in the pipeline.