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Auto company to produce cheaper electric cars soon [VIDEO]

The CEO of Tesla Motors, Elon Musk, has revealed the company's plan to manufacture affordable cars.

Elon Musk, CEO of Tesla Motors

The CEO of Tesla Motors, Elon Musk, has revealed the company's plan to manufacture affordable cars.

According to him, this group is a wider audience that he plans to cater to, Motorauthority reports.

"Almost everyone will be able to afford" it, he said, concerning Tesla's fourth-generation model.

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This means it will be cheaper than the recently debuted third-generation model, which is expected to sell for $35,000.

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