Musk doesn’t provide many details about future Tesla Model 4 so far but he is aiming at creation of as affordable vehicle as possible.

Hardly had Elon Musk presented Tesla new Model 3, before he mentioned the plans to create a revolutionary next-generation Tesla Model 4 in a recent talk.

“With something like the Model 3, it’s designed such that roughly half the people can afford the car,” he said. “With fourth generation and smaller cars and what not, we’ll ultimately be in the position where almost everyone will be able to afford the car.”

Musk didn’t provide any exact terms of Tesla Model 4 entrance to the market so now it sounds more like future plans of the company. However, he underlined that the fourth generation vehicle will be cheaper.

Here’s a full video of Musk’s interview at the ‘Future Transport Solutions’ conference in Oslo (see below) and he unveils his plans for Tesla Model 4 starting from the 12-minute mark.

Tesla Model 3 Success

According to the recent information, Tesla has already received 325,000 pre-orders for its recently announced Model 3. If the company sells every car that’s been reserved, it will earn enough revenue to make this the “biggest one-week launch of any product ever.”

Tesla Model 3 offers features and performance equal to premium car brands, but, as BGR informs, it bakes them into an all-electric vehicle with a range of at least 200 miles per charge. The vehicle will be released in late 2017 and the price starts at just $35,000 before tax incentives. However, according to analysts’ estimates, the new Tesla can be loaded with extra equipment and sell for $50,000 to$60,000.

Elon Musk admits that Tesla Model 3 is the best existing variant for such a price. The Model 3 will be one of the safest cars in the world.

The Model 3 differs from previous Models S and X by a 15-inch landscape touchscreen (previous models have the 17-inch portrait touchscreen). However, it also comes in both rear-wheel drive and all-wheel drive versions.

It has standard autopilot hardware and all automated safety features. The Model 3 is comfortable for five adults — “comfort is the important part here,” says Musk. You can even fit a 7-foot long surfboard on the inside.

The Verge deputy editor Chris Ziegler, who actually rode Tesla Model 3, shared his impressions: “The Model 3 definitely looks and feels like a Tesla. If you completely debadged it and hid the giveaway design elements, you’d still know it was a Tesla. You know it from features like the unreal glass roof that extends basically from the windshield to the back of the car, reminiscent of the giant windshield on the Model X.”

He continued: “The seats have Tesla’s trademark shape, too. And it’s fast like a Tesla — granted, Tesla stacked the deck in its favor by putting journalists in an uprated dual-motor Model 3 that definitely won’t be $35,000, but even with four grown men planted in the seats, the car moves. Stomping on the accelerator of a Model S never gets old, and I can tell already that doing silly things in the Model 3 will put that familiar grin on my face.”

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