Tesla to create an SUV for 2011 and a $30,000 small people’s car for 2015

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Elon Musk, president and CEO of Tesla, revealed the company's business plan during the Cleantech Investor Summit held in Palm Springs, California, last week. The automaker will develop an SUV dubbed Model X for 2011 as well as a people's car that will sell for $30,000 in 2015. Full story...