Tesla announced the name of its low-cost EV due to arrive around 2017: Model 3.

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After months of speculation, Tesla drew back the curtain on their most ambitious project to date, the Gigafactory.

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In the wake of Tesla shares hitting an all-time high of $259.20 after Morgan Stanley raised its target price to $320/share, battery maker Panasonic is gathering a few partners to go all in on a $1 billion investment in the automaker’s Gigafactory battery production plant.

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Sometime this week, Tesla CEO Elon Musk will announce everything there is to know about the EV automaker’s Gigafactory, from location and price tag, to its heavy reliance on renewable energy sources.

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During a Tesla townhall meeting at the automaker’s European headquarters in Amsterdam, CEO Elon Musk announced to owners that an all-wheel drive version of the vaunted S would arrive in showrooms by the early months of 2015 at the latest.

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Prior to stepping down as CEO of General Motors, Dan Akerson made a few mentions about an EV similar to the Volt that would possess a 200-mile range on a single charge with an on-board generator that could run on gas, diesel or natural gas. He also hoped the car would sell for around $30,000.

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For admirers of Tesla’s latest and greatest who would love to own a piece of the action if only the price of admission were low enough, the word on the street is such a vehicle will debut in January 2015 during the Detroit Auto Show.

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