Tesla makes some of the coolest cars on the planet, but most people couldn’t afford them – until now.

The electric car-maker is currently developing the Model E while also putting the finishing touches on its Model X SUV, which is set to hit the market next year. The price tag is set to be around 0,000. The upcoming compact will also user cheaper materials, possibly swapping out aluminum for steel. It could be over a year before Tesla’s most affordable car hits the market, and the company says it hopes to launch the cheaper compact sometime in 2016.

[More.](http://www.technobuffalo.com/2014/07/01/tesla-model-e-30000/)