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Tesla Motors is set to expand its lineup with the previously announced Model S sedan, as well as an all-new crossover. First up is the Model S sedan, due in 2012. It is expected to retail for $50,000, about half the cost of the Tesla Roadster sports car. By 2014, Tesla will introduce a replacement for the current Roadster, as well as a new crossover vehicle.
Elon Musk, chairman of Tesla, said that future vehicles will feature four-wheel drive, a 17-inch touch screen and the ability to swap batteries out in one minute. The cars will also have a range of 300 miles and the ability to achieve a five-star crash test rating.
Tesla also announced a deal to supply some electric vehicle technology to Mercedes-Benz for their A-Class and Smart compact cars. Tesla plans to supply other companies with similar technology and make it a cornerstone of their business.