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In 2016-2017 Tesla plans to produce what they refer to as the “Gen 3” line of vehicles. This will have a major impact in the electric car market. Not only will this new version be about half the price it will also have an increased battery life. As of now the Model S can ride 208 miles on a single charge, so having a longer battery life will dramatically increase the want for this new car along with the lowered price tag of around $35,000. Tesla has also announced that within the next year Tesla Supercharging stations will stretch across the United States and Canada. The future looks bright for this relatively new comer not only to the electric car market but the luxury car market as well.

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Tesla plant

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