Posted May 07, 2018 06:16:04 Tesla will launch its first vehicle at the end of this year, with a launch of a smaller, but more powerful Model S sedan in 2017 and a larger, more powerful Tesla Semi later in the year, CEO Elon Musk said in an earnings call on Thursday.
Tesla is currently selling two Model S sedans in the United States and Europe, with the first model expected to arrive in mid-2017.
Musk said the new sedan would have more than 50 miles of range and be priced at around $100,000 in the US.
The Tesla Semi, Tesla’s most powerful electric sedan yet, is currently priced at $50,000 and is expected to hit the road in 2019.
Musk also said Tesla will add an all-electric SUV to its lineup, dubbed the “Tesla Semi,” in the second half of the year.
That SUV will have a range of at least 300 miles, but it will not have a battery pack.
Musking said the Tesla Semi is a small, “sophisticated” SUV, but he declined to specify how it would be priced.
Musk previously said the Semi would have a price of $50k in the U.S. but could go as low as $35,000.
The Model S is a smaller version of the Model S, with an engine that can be upgraded to a larger one to make it more powerful.
The Model S was launched in June 2012 and is still the most popular car in the world, with about 5.3 million vehicles on its roads in 2016.
It is available in 25, 32, and 40 kWh versions.
Tesla says the Model Y sedan, which it introduced in April, is the most powerful sedan in the lineup.
Tesla also launched its first self-driving vehicle, a self-balancing electric car, on the Palo Alto, California, campus of Stanford University in February.
The company is currently testing the technology at Stanford and Palo Alto universities, as well as in San Francisco and Seattle.
Tesla’s electric car plans, which Musk said he’s committed to releasing before the end and early 2020, include a new generation of autonomous vehicles, including a version with two electric motors.
Musk described the cars as “more autonomous than human” in an interview with The Wall Street Journal.
The Tesla Semi and Model Y sedans are the latest in a long line of electric vehicles Tesla has built.
The automaker unveiled its first full-scale vehicle, the Model 3, in September, and the company plans to unveil a smaller sedan in late 2018.
Tesla said it would launch the Model X crossover SUV in late 2019, which will include a “Tesla Drive” self-parking system.
Tesla has said it will unveil a version of its electric vehicle, called the Model Zero, that is lighter, more compact, and cheaper to build, according to a report by the company’s sister company, Ford.
The car will use a battery of 100kWh and be available in 2022.
Tesla, which was founded in 2002, has more than $5 billion in cash on hand and plans to use that money to expand its operations and sell its electric cars.