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Tesla to launch pick-up and compact SUV in the future

Date: 21 July 2016   |   Author: Daniel Puddicombe

Tesla's founder and managing director, Elon Musk, has revealed the American company will build a pick-up and a compact SUV in the future.

Writing on the firm's website, Musk also ruled out building a cheaper vehicle than the forthcoming BMW 3-series-rivalling Model 3.

Dubbed 'Master Plan, Part Deux', the post follows on from the first 'master plan' published a decade ago which included proposals for the Model S, X and 3.

According to Musk, introducing a pick-up and compact SUV "will address most of the consumer market", though information is scant at this time.

Musk also revealed an intention to enter into the public transport market and "shrink the size of buses and transition the role of [the] bus driver to that of a fleet manager", by creating driverless vehicles that can be summoned by smartphone - and buttons on stops - which match the speed of other vehicles.

The bus - which will be able to carry more passengers than a conventional model thanks to the deletion of a centre aisle and putting seats where entryways are currently located - is in the early stages of development and will be unveiled next year.

PayPal's founder also revealed that in the future Tesla owners' vehicles will be able to be used by others, by adding the car to a shared fleet and "have it generate income for you while you're at work" once self-driving cars are approved.

He expects that worldwide approval for autonomous vehicles to be granted after the firm's fleet of autopilot cars exceed six billion miles, with the fleet of vehicles currently covering around three million miles a day.

Musk said that sharing vehicles would "significantly offset and at times potentially exceed" the monthly loan or lease cost. "This dramatically lowers the true cost of ownership to the point where almost anyone could own a Tesla. Since most cars are only in use by their owner for 5% to 10% of the day, the fundamental economic utility of a true self-driving car is likely to be several times that of a car which is not," he wrote.