Although the Tesla Model 3 won’t be in the production line until the second part of the next year, Tesla CEO, Elon Musk already has plans for Model 4.

Elon Musk talked at the Future Transport Solutions conference in Oslo, Norway, which was held back in April. It wasn’t a conference specially designed for the new generation of Tesla. He talked about transport in general and how it would look in the future. Yes, he did mention the future model, but it is only an idea for now. We are not even familiar with the name of the new car.

We all know that electric vehicles are not cheap because of the batteries, which cost a fortune. However, the Model 3 will be affordable, since the starting price will be $35,000. Considering that people are becoming more interested in electric cars, the reduction in prices is expected in the future, according to Elon Musk.

He said: “With something like the Model 3, it’s designed such that roughly half the people will be able to afford the car. Then, with fourth generation and smaller cars, we’ll ultimately be in the position where everyone will be able to afford the car.”

If you read the statement carefully, you will see that he used “smaller cars”. This implies that in the future Tesla will probably produce smaller vehicles. The new Tesla models may not be tiny and beetle-like vehicles like the ones Smart produces, but measurements are definitely something to keep an eye on.

There is no doubt that the next-generation Tesla will be equipped with outstanding technology features. For example, the Autopilot has already been developed to some point. Just imagine what it will be like in about 10 years. Musk told Wall Street Journal: “I think it will be quite unusual to see cars that don’t have full autonomy, let’s say, in 15-20 years,” Musk said. “And for Tesla, it will be a lot sooner than that.”

There is no doubt that the Tesla Model 4 (we will call it like this) will bring state-of-the-art technology at a decent price. But first, let’s wait for the Model 3. Meanwhile, you can watch the whole video of Elon Musk’s speech in Oslo below.