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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