A recent report from Bloomerg says Tesla car maker wants to give birth to a new entry-level model. This info comes from Elon Musk, CEO and co-founder of Tesla Motors. 

According to Musk, the new model will be in the price range of others sedans and will offer many things than the Chevrolet Volt. The Tesla entry-level would have a base price of 40.000 USD or 31.000 Euros. 

According to the same source, the new model will have a range of around 200 miles (320 kilometers) and will compete with the mighty Nissan Leaf. 

Source: Tesla