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Elon Musk hints at Tesla hatchback model for Europe

Tesla Chief Executive Elon Musk suggested that the electric car company could launch a new compact model in Europe.

Tesla Chief Executive Elon Musk has suggested that his firm could launch a new hatchback model in Europe in the future.

Tesla currently sells two SUVs in the Model Y and Model X, as well as the Model S executive saloon and the Model 3 sedan. It doesn’t, however, sell any vehicles that are similar in size to say a Volkswagen Golf, a Ford Fiesta, or a Mini Cooper.

 

“Possibly in Europe it would make sense to do, I guess, a comps.act car, perhaps a hatchback or something like that,” Musk said  at a virtual conference on batteries hosted by the German government, according to Reuters.

“In the U.S., the cars tend to be bigger for personal taste reasons,” he said. “In Europe, (they) tend to be smaller,” added Musk, who leapfrogged Microsoft founder Bill Gates to become the world’s second-richest person this week.

Musk also told the conference how he had experienced some problems parking his Model X, which is five-meters long, in the German capital of Berlin. “I was driving a Model X around Berlin and we had quite a bit of trouble finding a parking space where we could fit,” he said.

During the European Battery Conference, Musk also claimed that Tesla is working on a battery with a 621-mile range saying Tesla's 'longest-range vehicles have over 327 miles of range and there's more we could actually do.'

'We even have some under development long term that could do 600 miles.'

Tesla’s market cap hit $500 billion for the first time this month after its stock price surpassed $527.48 per share.