Tesla has sure made some impressive strides in all-electric vehicles, with sleek styling and 200+ mile ranges between charges. But, this cutting edge tech comes at a fairly high price. That may not be the case in the near future. It seems Tesla is developing a new, smaller electric vehicle to add to it's lineup starting in 2017. It will be called the Model 3. Tesla CEO Elon Musk has hinted that this new vehicle would retail for approximately $35,000 US. There hasn't been much released about the performance of this model other than it would have a range of 200+ miles between charges, similar to the current Model S. No official images of the new car's design are available as of yet, but I think it's safe to say we'll see more of the sporty Tesla style.