Tesla CEO Elon Musk said the company will soon unveil the Model S sedan, which it plans to sell exclusively through the automaker’s dealerships, and said that sales will begin later this year.
Musk also said the automaking company plans to announce an expansion into the car business next year, with plans to add several new models to the lineup, and he expects that it will expand into other categories in the future.
“We’re really excited about what’s happening with the Model III,” Musk said during a panel discussion at the Consumer Electronics Show (CES) in Las Vegas.
“We have been looking at a lot of ways to get to that point and now that we’ve done that, we’ll have to make the right decisions.
I think the Model I was great, but the Model II and III are going to be great.
The Model III will be our next-generation vehicle.”
Musk said that the company already has more than 300,000 customers who have purchased the Model X SUV and Model 3 sedan.
“It’s really been a good ride,” Musk told the crowd at CES.
“I think we’ve really gotten the message out and we’ve had a lot more customer interest than we expected.
We’ve had the opportunity to really ramp up production, but we’re really focused on what we’re doing to ramp up Model 3 production, and we’ll ramp up those as well as Model X production, as well.”
The Tesla Model 3 has already made its debut in the U.S. after being announced in June.
Musk said that about 1,000 of those cars have already been sold to customers.
He also said that Tesla has sold 2,500 Model S sedans and Model X SUVs.
Musking also said it is planning to increase the production of the Model E sedan, saying that it would “probably be a couple more years” before the new vehicle becomes available for sale in the United States.
“The Model E is a really great vehicle, and a great vehicle is going to drive a lot higher than what we’ve been doing.
So it’s a really good car, and then the Model 7 will drive up the sales,” Musk added.